EUR/JPY

EUR/JPY started the week by trading upward and avoiding further weakness below the previous week’s low. However, the bullish movement has no strong momentum which could reverse anytime. Nevertheless, if the pair continues its weakness then traders will wait near the 154.00 – 155.00 area for a chance to enter more long positions. On the lower side, a close below 151.50 will become the major bearish confirmation.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP upward attempt gets rejected near the 0.8580 – 0.8600 area which means the bearish trend will continue. No bearish continuation yet today but traders could expect more weakness in the later trading session. If the pair could reverse the bearish pressure and close above 0.8600 then the overall trend could turn bullish again.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY closed higher yesterday and looks will retest the previous week’s high. The pair might continue to maintain the bullish pressure at the current level. If the pair starts moving lower then traders could wait near the 182.45 support level for a chance to enter more long positions. On the lower side, a close below 178.50 might become the bearish confirmation to watch.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF bearish attempt failed yesterday as the pair managed to close above the opening level. The pair range spans between 1.1000 – 1.1225 for now and traders might expect another test on the upside range soon. As the overall trend is bearish, traders could prepare to enter short positions near the 1.1200 – 1.1225 area when there is bearish reactions.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750