EUR/JPY

EUR/JPY start moving upwards again after the bounce from the 142.75 support level. The pair will attempt to print a new higher swing high to confirm the continuation of the bullish trend. On the upside, the pair will target the 148.50 – 151.50 area in the long term. As long as the pair continue printing a new higher high and higher low, there is no reason to turn bearish yet.

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 managed to bounce from the 0.8750 support level but there is no higher swing high printed yet on the chart. The pair currently might consolidate near the 0.8750 level and will attempt to extend the bullish movement. If the pair start moving lower again and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY resume the bullish movement and will attempt to break out higher. The pair continue printing a new higher high and higher low which means the current trend is bullish. Traders who have long positions will continue to hold the positions with a stop below the latest swing low.

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 has not breakout and closed outside of the triangle range yet. The pair range span between 1.1200 and the trendline right now. Traders will continue waiting for the pair to print a close outside of the range to confirm the next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750