EUR/JPY

EUR/JPY slightly lower today, but we could say it is a sideways day. The pair might continue the bullish movement to target the previous swing high. If the pair turn lower again, then 170.00 and the trend line will continue act as support level. No change to the bullish situation yet, traders who has long positions will place stop order below 170.00.

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 under bearish pressure toward the 0.8580 – 0.8600 area. The pair might reach the area to test it. If the pair breakout lower, then it will target the 0.8500 – 0.8525 area. Moreover, the trend might turn bearish as the bullish structure violated. On the upside, the pair need to close above 0.8750 to cancel the bearish 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 reached the 200.00 level and currently testing it. No strong breakout yet and the price seems stabilizing near it. Traders might be waiting for the trigger to sweep the stop order above 200.00. It is bullish, which mean better to avoid shorting the pair unless traders want to do high speculation game. Shorting is better done when a fake breakout happened.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF made a bearish close yesterday, but the pair immediately move upward to erase the loss. No bearish correction toward 1.0800 and the pair might extend the upward movement to target 1.10600 – 1.1100 area. As the situation has turned bullish, whenever there is bearish correction toward support level, traders could use it to enter long positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200