EUR/JPY

EUR/JPY not breaking below the trend line and it looks like the pair continue the upward movement. No change to the bullish situation, the pair might reach the 175.374 target soon. If the pair breakout lower, then traders could wait near the lower trend line for a chance to add long positions.

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 trading between 0.8700 – 0.8750 area and soon might attempt for bullish breakout. If the pair breakout and close above 0.8750 then the bullish trend could continue. On the other hand, bearish correction will provide a chance to add long positions near the 0.8700 or the trend line.

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 pressuring to the upside at the 200.00 handle. The pair might attempt to extend the bullish movement to target a new higher swing high. As we mentioned, the pair continue printing higher low which mean the bull still in control. As long as there is no new lower swing low, it is better to stick with bullish outlook.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF moving lower slowly, resuming the bearish trend. No major change to the situation, the pair could continue lower slowly and printing new lower low also lower high. On the upside, a close above 1.0800 will become the invalidation signal for bearish trend.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200