EUR/JPY

EUR/JPY stage rally after the bounce from 115.80. The pair has reached 117.80 resistance today and might extend its bullish pressure. Traders will observe the pair reaction at 117.80 to determine the next direction. Long positions after breakout and retest of 117.80 are the option traders could take. Another option to take is short positions when there is a bearish pattern formed after the test on 117.80.

today critical levels to watch:

Support: 116.50, 116.00, 115.80

Resistance: 117.80

EUR/GBP

Traders might become less optimistic in EUR/GBP as the pair fall below 0.9000 today. If the pair continues its bearish movement and break below 0.8920 then it will overturn long-term bullish trend into bearish. At the current time, EUR/GBP might trade between 0.8920 – 0.9000.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000

GBP/JPY

Start of a new bullish trend is on the table after GBP/JPY printed higher high above 130.00. The pair could continue its bullish breakout and reach 135.00 – 136.00. Traders who look for long positions could wait until pullback happen before entering long positions.

Today Critical level to watch:

Support: 130.00, 128.20, 126.50

Resistance: 132,00

GBP/CHF

A decisive breakout happened in GBP/CHF today. The pair surpass 1.2000 and climbed above the previous month high. It is a strong confirmation the pair will start a new bullish leg. Traders could wait until bearish correction happens to enter long positions. The level around the previous month high could be considered as the place to look for long positions.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300