EUR/JPY

EUR/JPY turn lower but immediately recover near the opening level. The bull seems maintaining the bullish pressure and will attempt to extend the bullish movement. If there is no change to the situation, then the pair could continue upward to target 175.374 level. If the pair turn lower again and started bearish correction, then the lower trend line will become the target level 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 experience another bearish rejection from the 0.8700 level. The downward movement has moderate pressure, but traders will focus on the latest massive bullish candlestick. The low gets higher while the high mostly the same. Under current situation, it looks like the bull has the upper hand and will attempt to push the pair to breakout above 0.8700 – 0.8750 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 maintain the position near the 200.00 level and looks building more bullish pressure. If the pair could extend the upward movement with strong momentum, then it might trigger a stop hunt above the 200.00 level. No change to the latest situation, 198.00 is the major support level to watch. We prefer the pair stay above 200.00 to confirm that the bull is in control. A new lower low below 200.00 might change our bullish view.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF stalling after latest drop from the 1.0800. The pair bearish trend continues as it print new lower swing high and lower low. Traders will place stop order above 1.0825. As long as the pair continue printing new lower swing high and lower swing low, it is better to stick with short positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200