EUR/JPY

Once again the pair bounce from the 128.00 support level with strong bullish momentum. We might see the pair close near the boxes area and wait for more reaction. If the pair could close above the blue box area then the bullish trend will continue toward 131.50 – 132.00 area.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP could not break out above 0.8580 – 0.8600 area and the pair got rejected. Under the current situation, the pair might continue moving down to retest the 0.8500 support level. Traders will continue to monitor the pair movement between 0.8500 – 0.8600 for now.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY bounced from the 149.20 support level with major bullish momentum. It seems the pair averted further weakness below 150.00 and set to target 153.50 resistance level again. It is better to avoid short positions as the bullish movement has strong momentum.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF flicking back and forth the 1.2700 level and provide traders with no clue on where the pair will move next. Despite the situation, we think a higher high and higher low printed on the chart might indicate a bullish continuation in the pair. However, 1.2800 is the major key level to confirm bullish continuation.

Today critical levels to watch:

Support: 1.2600

Resistance: 1.2700, 1.2800, 1.2900, 1.3060