EUR/JPY

EUR/JPY is mostly higher and will attempt to extend the bullish movement to print a new higher swing high. It seems each selling attempt in the pair quickly absorbed and the bull continued in control. Traders who have long positions will continue to hold the positions while waiting for a new higher swing high to form. When the pair start a bearish correction, traders could add more long positions at a lower level.

Today’s critical levels to watch:

Support: 163.00, 162.00, 160.00

Resistance: 165.81, 167.14

EUR/GBP

EUR/GBP failed to secure a decisive close above the 0.8580 – 0.8600 area and the pair looks moving lower again. On the lower side, there is a bullish trendline to watch as support level. If the pair could bounce from the support trendline then it will attempt to test the 0.8580 – 0.8600 area again. However, a breakout and close below the trendline might confirm the start of a new bearish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY slowly moving upward and will target a new higher high on the chart. There is no change to the outlook since the previous downturn. Traders who have long positions will continue to hold the positions for now while expecting a bearish correction. When a bearish correction happens, traders could add more long positions at a lower level.

Today’s Critical level to watch:

Support: 190.00, 188.50, 186.00, 184.00

Resistance: 200.00

GBP/CHF

GBP/CHF was mostly higher and managed to finally reach the 1.1530 resistance level. The pair might continue the upward movement toward the 1.1600 resistance level immediately. Nevertheless, the pair has printed a new higher swing high which means the trend will continue bullish. When the pair starts moving lower again, traders will use the support level as a place to add more long positions.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750