EUR/JPY

EUR/JPY extending the bullish movement and soon will reach the previous swing high. If the pair could print a new higher high then the bullish trend will continue. Traders will wait for another bearish correction toward the trendline or 140.50 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 staged a bullish bounce from the level near 0.8580 – 0.8600. The pair currently moving upward but is limited at the 0.8700 resistance level. If the pair could close above 0.8750 and print a new higher high then the trend will turn bullish again. On the other hand, major bearish rejections from 0.8700 might trigger a bearish continuation to target a new lower low.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY breakout and closed above 164.00 which is bullish. The pair also printed a higher high on the daily chart which means the current trend favors a more bullish movement. If the pair start a bearish correction then traders could wait near 164.00 for a chance to enter long positions.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF maintains the position above 1.1200 and will attempt to bounce from it. At the current time, the pair is under bearish pressure and traders will monitor the closing level at the end of the week. If the pair closes below 1.1200 then we might see a bearish continuation toward 1.05000 and the parity level.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750