EUR/JPY

EUR/JPY maintain the bullish pressure, and it looks like will resume the upward movement to target 175.374 level. If the pair turn lower again, then the lower trend line is the level to watch as support level. The overall trend is bullish, which mean traders better avoid shorting the pair until the bullish structure broken.

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 inside a triangle pattern now, where the pair might wait this week FOMC meeting. A breakout and close outside the triangle will confirm the next direction. On the upside, 0.8700 – 0.8750 is the major area to watch. Meanwhile, on the lower side, the 0.8580  is the major support level to watch.

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 took a long time to breakout from the 198.00 – 200.00. The pair might be trading above the 200.00 level, but no strong momentum seen yet. This week, we might see confirmation on the next direction after the Fed FOMC meeting. As we mentioned before, we expect the pair to resume the bullish trend with strong upward momentum or at least stop order trigger above the 200.00 level.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF return to the 1.0800 level and look trading sideways for now. There is no higher swing high printed yet which mean the situation is in stalemate. Traders will wait for more confirmation at the 1.0800 level. The next higher swing high or lower swing low will confirm the next direction.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200