EUR/JPY

EUR/JPY continues moving upward without any bearish reactions. It seems the pair will slowly move upward and print a new higher high. Under the current situation, traders will avoid short positions and wait for a bearish correction to add more long positions at the support level. It is better to continue to avoid shorting the pair as long as there is no change in BOJ’s stance.

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 attempting to continue the bullish correction toward the 0.8500 – 0.8530 area. The pair might reach the area and test it. When there are bearish reactions, traders could enter short positions targeting a new lower low. On the lower side, a breakout and close below 0.8400 is a strong bearish continuation confirmation. However, if the pair manages to close above the 0.8500 – 0.8530 area then the trend might turn bullish again.

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 situation is similar to the EUR/JPY situation. The pair might continue moving bullishly without major bearish reactions. As long as the pair continue printing new higher highs and higher lows, there is no change in the bullish situation. If the pair start a bearish correction then 200.00 and 198.00 are the levels to watch as support levels.

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: –

GBP/CHF

GBP/CHF has reached the bullish correction target at the green box area. The pair will continue testing the resistance area now and traders will wait for reactions. If the pair gets rejected with strong bearish reactions then traders could expect a bearish continuation to target the level below the 1.1200 – 1.1225 area. On the upside, a close above the green box area will change the trend to bullish.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750