EUR/JPY

EUR/JPY was slightly lower in today’s trading session but managed to recover back to the opening level. We maintain a bullish outlook in the pair and suggest traders avoid short positions. If the pair start a bearish correction then traders could wait near the 148.50 – 151.50 area for a chance to add more long positions.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP extends the bearish movement and is set to print a new lower low on the chart. There is no change to the situation and traders better avoid taking long positions. When the pair could climb above the 0.8580 – 0.8600 area and print a new higher high then the trend might turn from bearish to bullish.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bearish attempt today toward the 182.45 level. However, the bearish pressure did not last and the pair manage to bounce from the level. At the current time, the pair is trading near the opening level and might extend the bullish trend. Traders will continue to hold long positions and avoid shorting the pair as long as the pair is in a strong bullish trend.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF building more bullish pressure and is set to target the 1.1530 – 1.1600 area. There is no change to the direction and traders will continue to hold long positions. We might have a new higher low printed which means the pair will attempt to form a new higher high. When the pair form a new higher high, the trend will continue bullish.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750