EUR/JPY

EUR/JPY got rejected from the boxes area and fell with moderate bearish momentum. The pair might continue its downward movement this week and target the 128.00 support level. If the pair breakout below the level and reach 127.00 then traders could observe and enter major long positions on bounce reaction.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP could not maintain the breakout above 0.8580 – 0.8600 area last week. The pair closed back below the area which means a fake breakout has happened. At the current time, the nearest support level is the trendline and 0.8500. If both levels are broken then the bearish trend will resume.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY managed to bounce from the 149.20 – 150.00 area. The pair formed a bullish pin bar pattern at the end of the day which signals possible bounce. However, the bearish descending triangle is not a good pattern for the bull trader. Which side will the pair breakout and move next?

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

The test on the 1.2500 support level produced a bullish reaction last week. The pair avoided a breakout and maintain the range between 1.2500 – 1.2700. This week, the pair will move inside the range and waiting for a breakout from it. Traders will continue waiting for the close outside of the range to get confirmation on the next direction.

Today critical levels to watch:

Support: 1.2500

Resistance: 1.2600, 1.2700