EUR/JPY

EUR/JPY ended the bearish correction and started moving upward again in today’s trading session. The bullish movement has significant bullish momentum and could continue toward 165.81 and 167.14. Traders who have long positions will maintain the positions for now with a stop below the latest swing low. As long as the pair continue printing new higher highs and higher lows, the bullish trend could continue.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP made another bullish attempt at the 0.8580 – 0.8600 area and showed bearish rejection from it. The pair is expected to continue the ranging movement inside the green box area. Traders will continue to observe the pair reactions inside the area for now. When the pair breakout and close outside of the range with strong momentum, traders will get confirmation on the next direction.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY resume the bullish movement without touching the 188.50 support level. The pair will attempt to extend the bullish movement and print a new higher swing high. Traders who have long positions will continue to maintain the positions with a stop below 188.50. We think the pair will be able to print a new higher swing high and confirm the continuation of the long-term bullish trend.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance: 190.00

GBP/CHF

GBP/CHF bounced from the trendline and continued the bullish movement. The pair will target the 1.1530 – 1.1600 area and it is better to avoid shorting the pair for now. When the pair manages to break below the trendline then traders could consider entering short-term short positions. On the lower side, 1.1200 will become the bearish target to watch.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750