EUR/JPY

EUR/JPY fell toward the 123.30 support level and made a bullish reaction. The pair formed a bullish engulfing pattern which confirms the bounce toward 125.00. At the current time, EUR/JPY is expected to trade between 123.30 – 125.00 area until breakout happens.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP avoided breakdown below 0.9000 and made a bullish bounce last week. The pair now setup to retest the green box area again. As long as there is no breakout above the green box area, EUR/GBP will continue ranging between 0.9000 and the area.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY distanced itself from the 136.00 level but it seems the pair currently losing momentum. We have two bearish closes which brought the pair nearer to 136.00. If the pair continues lower then traders will observe a possible bounce from the 135.00 – 136.00 area again.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF wild swing near the 1.1750 – 1.1870 is expected to continue as the pair start moving lower from the 1.1870 resistance level. No change to the outlook yet, traders could use the moment to continue to apply ranging strategies until a breakout happens.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000