EUR/JPY

A bounce from the 117.80 support level confirmed today. EUR/JPY head higher to test the previous week high. If the pair could break above the previous week high then we should see EUR/JPY continue its bullish correction. As long as the pair stays above 117.80, it has more potential upside.

today critical levels to watch:

Support: 117.80, 116.50, 116.00, 115.80

Resistance: 119.00

EUR/GBP

EUR/GBP printed a lower low on the daily chart but the pair manage to bounce from 0.8920 support level. No change to the outlook yet, the pair expected to continue ranging between 0.8920 – 0.9000 until breakout happens.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000

GBP/JPY

GBP/JPY opened lower today and suggesting rejection from the trendline. However, the pair immediately make bullish recovery and at the current time traded above the trendline. It might also print a bullish engulfing pattern today. We think GBP/JPY still has more room to move toward the top trendline.

Today Critical level to watch:

Support: 132,00, 130.00

Resistance: 133.00

GBP/CHF

GBP/CHF moving bullishly today and almost reach 1.2300 resistance. Similar to previous week analysis, GBP/CHF soon will test the resistance level and traders could prepare for short positions when there are major bearish reactions. If the pair breakout above 1.2300 then it might trade between 1.2300 – 1.2500 next.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500