EUR/JPY

EUR/JPY slightly higher today, but it seems neutral for now. The pair might continue moving sideways and either move lower to target the trend line or continue the bullish movement. Under current situation, it is better to wait and see. If the pair turn lower to test the trend line, then it will provide traders with a chance to add long positions at a lower level.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP resume the upward movement to target the 0.8700 – 0.8750 area. The pair range currently spans between 0.8580 – 0.8750. Without breakout from the range, traders will continue to assume the ranging to continue. Traders who enter long positions near 0.8580 – 0.8600 area could hold the position with stop order below the area.

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 is trading inside the 198.00 – 200.00 and there is no direction confirmation yet. It might continue ranging inside the area for now, and it is better to wait for breakout. We favor a bullish breakout above the 200.00 level. Traders who has long positions will place stop order below latest swing low or 195.00.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF maintain the position near 1.0800 after the latest bearish pressure. No strong bounce from the level which mean there is chance of bearish attempt on the level again. The bear might attempt to sweep stop level below 1.0800 before reversing. Traders who enter long positions near 1.0800 will place stop order below 1.0662.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200