EUR/JPY

EUR/JPY keeping the bullish pressure and might break out to print a new higher high soon. If the pair manages to continue the bullish movement then it could continue toward the 148.50 – 151.50 area. However, if the pair reverse the current upward movement then a test on 142.75 might happen. Traders could wait near the support level for a chance to enter more long positions.

Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP avoided a new lower low in the previous bearish attempt but the pair’s bullish attempt seems ended with a new lower high. At the current time, the pair is back under bearish pressure and might attempt to print a new lower low. If the bearish attempt printed a new lower low then the bearish trend will continue. Traders will continue to observe the pair reactions near the 0.8750 support level for now.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY is on the path upside and sets to print a new higher high. Traders who have entered long positions near the green box area will continue to maintain the positions now. When a new higher high is printed and the pair start a bearish correction, traders will expect a new higher low near the top of the green box area.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF situation continues sideways between the 1.1200 level and the trendline. The pair needs to break out and close outside of the range to confirm the next direction. The next higher high or lower low will confirm the pair’s long-term direction. At the current time, traders will stay sideline and monitor the pair reactions between 1.1200 and the trendline.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750