EUR/JPY

EUR/JPY bearish movement reached the 123.30 support level. The pair supported near the level and attempted to bounce from it. We will wait for a further reaction from the 123.30 support level this week. If the pair continues moving lower then 121.50 will become the next target.

On the other hand, if a bounce happens then 125.00 will become the bullish target.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP dropped after the test on 0.9300 resistance level. We have a close below the green area but the pair could bounce and closed near the top of the green area. Will the pair continue moving upward and resume its bullish trend? Alternatively, will it start moving lower again to target the 0.9000 support level?

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY consolidation inside 135.00 – 136.00 area will continue this week as there is no close outside of the range. The pair closed the previous week with moderate bearish pressure. Traders will expect the pair to test the support level at the start of this week.

As long as there is no breakout from the area, traders will assume the consolidation to continue.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 138.50, 140.00

GBP/CHF

GBP/CHF climbed and closed above 1.1750 resistance level. The pair maintained the close above it until the end of previous week. This week, the area between 1.1750 – 1.1870 will become traders focus. If the pair could close below 1.1750 at the end of week then we will expect further bearish continuation.

Today critical levels to watch:

Support: 1.1750, 1.1600, 1.1500

Resistance: 1.1870, 1.2000