EUR/JPY

EUR/JPY closed the week near 125.00 resistance level. The pair now will wait for a reaction from the resistance level. If rejection happens then we will expect a long-term bearish scenario below 123.30 toward 121.50. On the other hand, if the pair could breakout above 125.00 and form higher high above 127.00 then the trend will continue bullish.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

It seems the bull could continue add more pressure to breakout above the green box area. The bear holds the advantage and set to push the pair down toward 0.9000 this week. On the long-term view, the trend is bullish and traders will monitor the pair reaction near 0.9000 if the pair manage to reach it.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY cleared the resistance area 135.00 – 136.00. The pair managed to distance itself further from 136.00 and set to continue the bullish leg toward 140.00. At the current time, traders will continue to hold long positions and treat each bearish attempt as correction to enter long positions.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

No clear winner yet between the bull and the bear in GBP/CHF. The pair mostly sideway near the 1.1870 resistance level with several whipsaw movement. At the end of week, the pair closed near 1.1870. Traders will wait for further reaction from the 1.1870 resistance level. Without breakout, the pair might continue trade between 1.1750 – 1.1870.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000