EUR/JPY

EUR/JPY trading lower after the breakout from the 142.75 resistance level. The pair will attempt to close the week above 142.75 to confirm further upside. If the pair closes below the level at the end of the week then the consolidation between 140.50 – 142.75 will continue.

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 fell with strong bearish momentum yesterday and broke below the previous week’s low. It seems the pair will continue the bearish movement to target the 0.8750 support level. Under the current situation, traders will monitor the pair reactions near the support level. If the pair could maintain the positions near 0.8750 then traders could enter long positions with a tight stop below it.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY broke above the green box area which confirms a bullish continuation. At the current time, the pair experience bearish pressure and might move down to retest the broken level. When the pair test the level and show a bullish reaction, traders could consider entering long positions.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF reverse the bearish pressure and printed a close above 1.1200 yesterday. The pair has returned above the level which might confirm upward continuation. If the pair start moving upward again the 1.1530 – 1.1600 will become the bullish area to watch. A new higher high will cancel the current bearish outlook.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750