EUR/JPY

EUR/JPY breakout from the triangle pattern and 135.00 – 137.40 range today. The breakout has strong momentum which might develop into a strong bullish trend. Traders will expect the pair to continue the bullish movement and target the 140.50 resistance level. If the pair corrected lower toward the 137.40 level then traders could use the moment to enter long positions.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP follows the EUR/JPY movement and breakout from the 0.8500 resistance level. The pair keep moving upward with strong bullish momentum and might test the 0.8580 – 0.8600 area soon. A close above 0.8600 will confirm a bullish continuation to target a new higher high.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY trading upward from the 161.00 level and currently trading near the trendline. No movement outside of the 161.00 – 164.00 range yet which means the consolidation will continue for now. Traders will continue waiting for the breakout to happen while applying ranging strategies.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF bearish trend has not changed yet and traders who have short positions will continue to hold the positions. On the upside, the pair might retrace toward the 1.1530 – 1.1600 area where traders could consider entering short positions. On the lower side, 1.1200 continue become the bearish target to watch.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750