EUR/JPY

EUR/JPY bounced from the 170.00 level and trading upward with strong momentum. It seems the pair might attempt to cancel the bearish situation and resume the bullish movement to target 175.374 and 177.328. However, no new higher high yet which mean there is chance of bearish reversal. If the pair start moving lower again, then the trend line is the bearish target to watch.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP is currently trading inside the 0.8700 – 0.8750 area. The latest bearish attempt fail to print a close below 0.8700 which mean the bull still in control. A breakout and close above 0.8750 will confirm the bullish continuation to target 0.8920 and 0.9000. A close below 0.8580 on the other hand will cancel the bullish outlook.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY start a bullish recovery after the breakout below 198.00. It might target the 198.00 level for retest. The bear need to maintain the level to confirm the bearish continuation. On the other hand, if the bull secures a close above 198.00, and 200.00, then the bearish breakout invalidated. Traders who enter short positions will place stop order above 200.00.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF has not resumed the bearish trend as it return to the level near 1.0800. No change to the latest outlook, if the pair breakout and close above 1.0800 then the trend might turn bullish. On the other hand, if the pair could fall and print a new lower swing low, then the bearish trend still intact.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200