EUR/JPY

EUR/JPY stick near 117.80 in the previous trading day and not much reaction yet. However, the bear push the price lower today and looks will start a new bearish leg toward 115.80. At the current time, traders will wait for the closing level of EUR/JPY at the end of the day. A close near 117.80 will nullify the current bearish outlook.

today critical levels to watch:

Support: 116.00, 115.80

Resistance: 117.80, 119.00, 119.20

EUR/GBP

EUR/GBP retrace toward 0.8920 and manage to test it yesterday. The pair make another test again today but it seems the bear manages to cap the upside in the pair. If the pair start moving lower this week then we could expect it will target 0.8750 support level.

today critical levels to watch:

Support: 0.8800, 0.8750

Resistance: 0.8900, 0.8920, 0.9000

GBP/JPY

GBP/JPY consistently lower without many reactions from the bull. The pair might reach the bottom trendline soon. Traders could continue to stick with short positions and waiting until the pair reach the trendline or 130.00 to look for long positions.

Today Critical level to watch:

Support: 132,00, 130.00

Resistance: 133.00, 134.00, 135.00, 136.00

GBP/CHF

No conclusion yet on GBP/CHF next direction as the pair stick near 1.2300 resistance. The pair could either breakout above the resistance level or get rejected from it. Short positions with 1.2000 as a target might become one of the options traders could take. Another scenario to consider is long positions when the pair close above 1.2300.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500