EUR/JPY

EUR/JPY not losing its upward pressure as the pair continue trading up. The trend will continue bullish and traders will wait for the pair to start a bearish correction. On the lower side, the 148.50 – 151.50 area is the place to observe for a chance to enter long positions. It is better to continue to hold long positions as the pair continue printing new higher high and higher low.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP attempting to reverse the current bearish pressure as the pair closed near the 0.8600 level yesterday. There is a bullish continuation today but it seems the pair might close the day near the opening level. Traders will continue to monitor the pair reactions near the current level. If the pair fall with strong bearish pressure then the bearish trend could continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY building more bullish pressure to continue the bullish trend. There is no major bearish reaction at the top which means a bearish correction might not happen soon. Traders will continue to ride the bullish movement while waiting for a bearish correction. If the pair start moving lower then traders will wait near the support level for a chance to enter long positions. On the lower side, 178.50 is the nearest level to watch.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF looks trading lower but maintains its upward pressure. The pair initially fell below the previous day’s low but recovered back above the opening level. If the pair close near the current level then we might see a bullish continuation. On the upside, 1.1530 – 1.1600 is the area to watch as a bullish target.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750