EUR/JPY

EUR/JPY continues the bullish movement without much trouble. The pair soon will reach the 140.50 resistance level to test it. There is no bearish sign which means it is better to stay out of short positions. However, a bearish correction might happen after the bullish streaks. If the pair started moving lower, traders could use the 137.40 level as a place to enter long positions.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50

EUR/GBP

EUR/GBP slowly moving upward from the 0.8500 support level. The pair will attempt to test the 0.8580 – 0.8600 area again. If the pair could breakout and close above the area then EUR/GBP will continue the long-term bullish trend. On the other hand, a bearish rejection followed by a close below 0.8400 will confirm a bearish reversal.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY escaped the bearish breakout below 156.15 and is currently on the path upward. The pair direction will continue bullish for now. Each bearish movement is a correction and traders could use the event as a chance to enter long positions. At the current time, the nearest support level is 161.00.

Today Critical level to watch:

Support: 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF printed a new lower low on the chart which means the bearish trend might continue. At the end of the day, the pair managed to close above 1.2000 which means no breakout confirmation yet. GBP/CHF might continue trading between the 1.2000 – 1.2125 area for now and traders will wait for a breakout from the range to confirm the next direction.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2125, 1.2300