Don’t you just love the smell of pips in the morning? I sure do! That’s why I’m starting my day with these fine charts on EUR/JPY, GBP/JPY, and EUR/GBP! Ain’t nothin’ like doing your pre-market routine to start the week!
EUR/JPY
Seller has been in total control of EUR/JPY, and if the 128.00 handle breaks, the pair might just stage another solid drop! I’d keep my eye on that level if I were you. A bounce off it could lead the price back to the 129.50 resistance zone.
- WO: 128.30
- Top WATR: 129.88
- Bottom WATR: 126.72
- PWH: 131.57
- PWL: 128.22
GBP/JPY
GBP/JPY has been ranging over the past couple of days, but it looks like it’s giving the 149.00 handle one heck of a test. A break below this level might lead the price back down to 148.00 while a bounce could see the pair return to 150.00.
- WO: 149.10
- Top WATR: 150.88
- Bottom WATR: 147.32
- PWH: 151.55
- PWL: 147.61
EUR/GBP
Now that the pair is trading below .8600, the next level to break is .8580. It was very strong support and resistance level in the past, so traders will be watching it closely.
- WO: .8605
- Top WATR: .8662
- Bottom WATR: .8548
- PWH: .8732
- PWL: .8578
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
