EUR/JPY

EUR/JPY bullish streaks continue as the pair climb above the 140.50 resistance level. If the bullish pressure is maintained then the pair could continue the upward movement and target the 148.50 – 151.50 resistance area. Despite the bullish situation, a bearish correction could happen anytime now. Traders will wait near support levels for a chance to enter long positions.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP could not breakout above the 0.8580 – 0.8600 area. The pair experienced bearish rejection yesterday and the bullish attempt today also shows the same reaction. Traders will monitor the pair reaction between 0.8500 – 0.8600 for now. We think a bullish breakout has a higher chance to happen as long as now lower low is printed on the chart.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY mirrors other XXX/JPY pair movements and continues the bullish trend. There is no reason to become bearish on the pair. However, traders who have not entered long positions will stay sideline and wait for a bearish correction now. If the bearish correction happens then traders could enter long positions near support levels.

Today Critical level to watch:

Support: 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF launched upward from the 1.2000 support level and surpass 10 days range. The pair currently attempting to extend the bullish movement and target the 1.2300 resistance level. Under the current situation, traders could use 1.2125 as a place to enter long positions when retests happens.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2125, 1.2300