EUR/JPY

There was a bullish reaction in EUR/JPY when it tested 117.80 support level. However, the pair come under pressure again today and it will test the support level soon. Without a breakout of the 117.80 – 119.20 range then EUR/JPY expected to continue its ranging movement. If a bearish breakout happens then traders could look for short positions when retest on 117.80 happen.

today critical levels to watch:

Support: 117.80

Resistance: 119.00, 119.20, 120.00

EUR/GBP

EUR/GBP hanging at the middle of 0.8750 – 0.8920 and might continue the consolidation for now. We expect the pair to resume its bearish movement and reach 0.8750 before any bullish correction possible. However, the end of the month Brexit event could change the overall map of EUR/GBP.

today critical levels to watch:

Support: 0.8800, 0.8750

Resistance: 0.8900, 0.8920, 0.9000

GBP/JPY

A further bearish movement is the most logical thing to happen after GBP/JPY rejection from the top trendline. However, there is a Brexit event at the end of the month and GBP/JPY could move wildly anywhere. Traders might want to scale out and reduce risk nearing the Brexit event.

Today Critical level to watch:

Support: 133.00, 132,00

Resistance: 134.00, 135.00, 136.00

GBP/CHF

GBP/CHF supported by 1.2300 support level. Not much to expect for now as the pair might consolidate near 1.2300. If a bounce happens then GBP/CHF might trade between 1.2300 – 1.2500. Similar to the situation in GBP/JPY, it is better to reduce positions in Pound sterling for now.

Today critical levels to watch:

Support: 1.2300, 1.2075, 1.2000

Resistance: 1.2500