EUR/JPY

EUR/JPY launched upward from the 123.30 support level. The pair closed higher and near the 125.00 resistance level. There is no bullish follow-through in today’s session. Traders will monitor the pair reaction near the 125.00 resistance for a possible bearish reversal. Short positions could be taken when there is major bearish reaction.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP might be forming a bullish flag pattern and set to break out above it. The pair currently consolidating inside the pattern and below the green area. A breakout above both levels will trigger a major bullish movement toward 0.9300.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY surpassed the 136.00 resistance level and moving bullishly yesterday. If the pair make bearish correction toward the 136.00 level then traders could consider entering long positions. At the current time, it is better to avoid short positions until the pair return below 135.00.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF is stuck near the 1.1870 resistance level. The pair has a hard time building bullish pressure to continue upward and target 1.2000. If the pair closes below the lower trendline then traders will prepare for another bearish leg to target the level below 1.1750.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000