EUR/JPY

EUR/JPY attempting to move upward and print a new higher swing high. The pair situation is bullish for the long term but without a new higher high, traders will stay cautious for now while holding long positions. If the pair start moving lower again then traders will wait near 154.00 – 155.00 for a chance to enter long positions. On the lower side, as long as there is no lower low below 151.50, the trend will continue bullish.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP keeps holding out above 0.8580 – 0.8600 and will attempt to maintain the current higher low. If the pair could bounce and move upward strongly then traders will wait for a new higher swing high. When the pair could print a new higher swing high, the trend will turn more bullish. On the other hand, if the pair continue moving lower and print a new lower swing low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY moving upward and retesting the 182.45 resistance level. No breakout and close above the resistance level yet which means the consolidation between 178.50 – 182.45 has not been done yet. Traders will continue to monitor the pair movement inside the range and wait for close outside of the range confirmation.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF made a second bullish close near the trendline yesterday. The pair is attempting to extend the upward movement toward the 1.1200 resistance level. If the pair could close above 1.1200 then the current situation could turn from bearish to bullish for the medium-term. However, if the pair resume the bearish movement and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750