EUR/JPY

EUR/JPY returns inside the 148.50 – 151.50 range and might continue to consolidate inside it before continuing the upward movement. Traders who have long positions will continue to hold the positions now. If the pair resume the bearish movement again and reach 145.00 or 142.75 then traders could use the chance to add more long positions.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP consolidating below the 0.8750 level. There were several attempts to breakout higher but the pair could not make a close above 0.8750. We might see a breakout from the consolidation range soon which will confirm the pair’s next direction. The overall direction is bearish which favors a bearish breakout and continuation lower.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY extend the bullish movement and closed near the 172.00 resistance level. The pair might stick near the level and look for a breakout higher. Meanwhile, traders will monitor the pair movement between 168.50 – 172.00 and wait for a breakout & close outside of the range.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF stick near the 1.1200 level and continue consolidating near it. As mentioned in the latest analysis, the pair will wait for further reactions. The next higher high or lower low will confirm the pair’s next directions. As the long-term trend is bearish, traders might favor bearish continuation than bullish continuation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750