EUR/JPY

EUR/JPY turned upward as the U.S. dollar gained against the Japanese Yen. The pair might continue the bullish movement for now and target a new higher swing high. On the upside, when the pair form a new higher swing high then the trend will continue bullish. On the lower side, a new lower low might become the confirmation of a bearish reversal.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP looks moving upward with strong momentum today, surpassing yesterday’s high. The pair might resume the bullish movement to test the 0.8325 level. No change to the bearish outlook yet as long as the pair continues printing a new lower swing low and lower swing high. If the pair form bearish reactions near the 0.8325 then traders could consider entering short positions.

Today’s critical levels to watch:

Support: 0.8250

Resistance: 0.8325, 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY moved upward with strong bullish momentum today. The pair are on the verge of printing a new higher swing high which will confirm a bullish continuation. Traders will observe the pair reactions near the swing high for now as USD/JPY has printed a new higher swing high. On the lower side, the latest bearish attempt failed to print a new lower swing low which means the trend might have turned bullish again.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF is mostly sideways inside the green box area or the 1.1100 – 1.1360 area as mentioned before. The pair recently got rejected near the top of the range which provides traders the chance to enter short positions. As long as the range holds, traders could continue to use it for range trading strategies.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400