EUR/JPY

EUR/JPY continues trading above the 142.75 level and will keep consolidating near it. Traders will wait for further reactions. If the pair could continue to print a new higher high then the bullish trend could continue. On the lower side, a close above 142.75 will confirm more consolidation between 140.50 – 142.75.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 142.75, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP got rejected from the 0.8900 resistance level and slowly retraced lower. No major bearish movement which means the pair might undergo bearish correction before further upside. If the pair could close above 0.9000 then the long-term trend will turn bullish. Meanwhile, as long as there is no lower low printed on the chart, the pair could continue the upward movement.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY currently hanging near the top of the green box area and waiting for reactions. If the pair could breakout and close above the range then the bullish trend will continue. On the other hand, a bearish rejection will confirm more consolidation inside the range. A close below 156.58 level will become a major bearish confirmation.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF continue under bearish pressure but no major bearish movement yet to print a new lower low. As mentioned in the latest analysis, if the pair could return above 1.1200 with strong bullish momentum then the pair could start a new bullish leg to target 1.1530 – 1.1600 area.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750