EUR/JPY

EUR/JPY not showing any weakness yet as the pair continue moving upward and building bullish momentum. There is no change to the situation of the pair yet despite the move by BOJ. However, Japan’s reported stronger than expected GDP data which log a 6% increase compared to the 3.1% expectation. Will BOJ start getting more aggressive on the interest rate and bring EUR/JPY down?

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 return below 0.8600 and under risk of further weakness. The pair need to climb and print a new higher high above 0.8700 to confirm a bullish continuation. If the pair start moving lower with strong bearish momentum then it will attempt to target 0.8500 support level. If the pair manage to print a new lower low then the bearish trend could 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 is on the path upward and there are no major bearish reactions. The pair might continue moving upward without much trouble and traders better avoid shorting the pair. As the pair continue printing a new higher high and higher low, long positions might be the safest way for now.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF’s sideway situation continues below the 1.1200 support level. The pair has not printed a new lower low on the chart to confirm bearish continuation. If the pair could climb and close above 1.1200 then the trend might turn bullish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750