EUR/JPY

EUR/JPY slowly moving upward to target the 175.374 level. There is slight weakness today, but it is not a major bearish reversal. We expect the pair to continue upward, with the trend line as support level. If the pair breakout lower and start a bearish correction, then traders could wait near the lower trend line for bullish reactions.

Today’s critical levels to watch:

Support: 173.00, 170.00, 166.50, 165.00, 163.00

Resistance: 175.00

EUR/GBP

EUR/GBP keep testing the 0.8750 resistance level for now. No breakout above the resistance level and the pair maintain the position near the level. If the pair turn lower again, then the 0.8700 level and the trend line will become support levels to watch. A breakout and close below the trend line might confirm a bearish reversal.

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 stuck near the 200.00 level but keep printing higher low on the chart. The pair might continue to stick near the level for now and attempt another bullish breakout. Traders will monitor the latest higher low. As long as the pair keep printing higher low, the bullish trend is maintained.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF extended the bearish movement and print new lower low again. The pair looks on the verge of a breakout to print a new lower swing low. As the trend is bearish, and the pair continue moving lower, there is no change to the outlook. On the upside, 1.0800 is the major resistance level to watch.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200