EUR/JPY

EUR/JPY make a perfect bounce from the 142.75 level today which might indicate a bullish continuation. The pair has a 148.50 – 151.50 area as an upward target when it could continue the bullish movement. However, if the pair reverse the direction and close below 142.75 then we might see a consolidation between 140.50 – 142.75. At the current time, traders could continue to hold long positions with a stop below 142.75.

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 make a bullish reaction from the 0.8750 level today and might indicate the start of a new bullish leg. No lower low is printed on the chart which means no confirmation yet on bearish continuation. If the pair could continue moving upward and print a new higher high then it will cancel the current bearish outlook. On the upside, 0.8900 and 0.9000 are the upward targets to watch.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY closed below 164.00 yesterday but immediately undergo bullish pressure again today. The pair stick near the 164.00 level and might continue consolidating near it until the close of the week. If the pair continues moving upward and print a new higher high then it could continue upward to target a 168.50 resistance level. On the lower side, if the pair start moving lower again then 160.00 will act as the support level.

Today’s Critical level to watch:

Support: 161.00, 160.00, 156.58, 153.50

Resistance: 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF gets rejected from the top trendline which means the bearish trend and consolidation between 1.1200 and the trendline will continue. The pair soon will test the 1.1200 support level. Traders will observe the pair reactions near 1.1200. If the pair moves lower and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750