EUR/JPY

EUR/JPY continues the upward movement and will try to extend the movement toward 171.51. Traders who have long positions will continue to hold the positions for now. If the pair starts a bearish pullback then the Fibonacci Retracement levels will become the bearish target to watch. However, if the pair manage to print a new lower swing low on the chart then the trend might turn bearish.

Today’s critical levels to watch:

Support: 167.14, 165.81, 163.00, 162.00, 160.00

Resistance: 170.00, 171.51

EUR/GBP

EUR/GBP upward movement halted yesterday as the pair made a bearish close near the opening level. Despite the situation, the bull seems attempting to extend the bullish movement today. If the pair could print a new higher high then the bullish movement could continue toward the 0.8500 – 0.8530 area. On the lower side, a breakout and close below 0.8400 will become a major bearish confirmation.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY climbing slowly but no higher swing high is printed on the chart yet. The pair needs to print a new higher swing high to confirm the bullish continuation. If the pair starts a bearish correction then the 198.00 support level is the place traders could observe for long positions. A breakout below the level and a new lower low will cancel the current bullish outlook.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF bounced from the 1.1200 – 1.1225 area and surpassed Tuesday’s bearish candlestick high. The pair might continue the upward movement to the green box area. If the pair could break out and close above the area then the bullish trend could continue. However, if the pair breaks and closes below 1.11675 then the trend might turn bearish for the medium-long term.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750