EUR/JPY

EUR/JPY bull made a radical change in the pair direction yesterday. Initially, the pair fell sharply below the 117.80 support level. But, the downward movement reversed and continue upward to close above the previous day high. It formed a bullish engulfing pattern and we hardly could argue that the pair will continue further upside today.

On the upside, trendlines and 121.50 will become the target.

today critical levels to watch:

Support: 119.00, 117.80

Resistance: 120.00, 121.50

EUR/GBP

EUR/GBP yesterday close could become an “oops” moment for bear traders. The pair avoided a close below 0.8920 and printed a bullish engulfing pattern. But, it could not lift itself further and currently testing the support level again today. If the bear could push the price lower and close below 0.8920 then we might get a major bearish breakout.

No confirmation yet, for now, traders could expect the pair to attempt a close above 0.8920 by the end of the week.

today critical levels to watch:

Support: 0.8920, 0.8900, 0.8800, 0.8750

Resistance: 0.9000

GBP/JPY

We are aiming for 135.00 – 136.00 area and GBP/JPY unexpectedly closed higher yesterday. Today, the pair add further gain and soon the target area will be reached. Traders and investors could prepare to enter short positions when there is a bearish pattern formed near the resistance area.

Today Critical level to watch:

Support: 134.00, 133.00, 132,00

Resistance: 135.00, 136.00

GBP/CHF

Another test on 1.2300 is under progress and GBP/CHF has strong bullish momentum. We might see a breakout above the resistance soon. If a breakout happens then GBP/CHF might continue its upward movement toward 1.2500 resistance.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500