EUR/JPY

EUR/JPY moving higher again today, slowly toward the 175.374 target. No change compared to previous day’s analysis, the pair might reach the target soon and traders will wait for reactions. If the pair get rejected and started a bearish correction, then traders could wait at lower level to add long positions.

Today’s critical levels to watch:

Support: 173.00, 170.00, 166.50, 165.00, 163.00

Resistance: 175.00

EUR/GBP

EUR/GBP is trading near the 0.8750 resistance level and looks will keep testing the level. As mentioned before, a breakout and close above 0.8750 will confirm a bullish continuation. There is chance of the pair consolidating between 0.8700 – 0.8750 area before next direction. If the pair breakout lower, then the trend line might become a bearish target to watch.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8750

GBP/JPY

GBP/JPY climb above 200.00 and print new higher high, but not with strong bullish momentum. The pair might keep trading near the 200.00 level while attempting to extend the upward movement. As long as the low gets higher, the bullish trend will continue. On the lower side, a close below 198.00 might turn the trend bearish.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF show bullish reaction as it trade near the previous swing low. The pair is on the verge of bearish breakout to continue the bearish trend. Wil the pair breakout lower? Alternatively, will it turn higher, close above 1.0800 and reverse the current bearish trend? Traders who has short positions will start to take partial profit while place stop order above 1.0800.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200