EUR/JPY

EUR/JPY is trading between the 148.50 – 151.50 area and will attempt to extend the bullish movement. If the pair could close above the 151.50 resistance level then there is a chance of bullish continuation. On the other hand, a lower high then followed by a lower low will confirm a bearish reversal for the medium-term.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP hanging below the 0.870 level and currently consolidating. No clue on the pair’s next direction which means traders better stay sideline for now. If the pair could move upward and close above 0.8750 then the trend might turn bullish again. On the other hand, a new lower low will confirm a bearish continuation to target 0.8600.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY continues moving higher and currently testing the previous swing high. If the pair could breakout higher with strong bullish pressure then the bullish trend will continue. However, if the pair get rejected and print a new lower low then the trend might turn bearish for the medium-long term.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF finally shows a bearish continuation signal today as the pair move lower with moderate bearish momentum. However, the pair seems making a bullish recovery now and will attempt to close the day near the opening level. If the pair close near the opening level then it might continue the consolidation near the 1.1200 and the top trendline.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750