EUR/JPY

EUR/JPY trend is bullish with a new higher high printed on the chart. The bullish trend might be halted for a moment as the pair might close the day on the bearish side. Traders will use the moment as a chance to add more long positions when the bearish correction reaches a support level and formed bullish reactions.

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 moved upward and reached the 0.8700 resistance level. The pair will keep testing the resistance level and looking for a breakout. Traders might want to avoid shorting as the pair has strong bullish momentum. As long as the pair print a new higher high and higher low then traders will continue to hold long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700

GBP/JPY

GBP/JPY start a bearish correction and traded near the 164.00 level. As mentioned in the latest analysis, traders could use the 164.00 level as a place to enter long positions when there is a bullish reaction. Under the current situation, traders will avoid entering short positions. However, the UK might undergo a major shift in the situation after the Queen died.

If the pair could maintain the positions above 164.00 then traders could enter more long positions.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF closed below the 1.1200 support level and extend the bearish movement today. It seems no bullish reactions yet which means traders who have short positions could continue to hold the positions. If the pair could close above 1.1200 in the coming week then there is a chance of a bullish bounce.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750