EUR/JPY

EUR/JPY holding its position and keep attempting to extend the bullish movement. No breakthrough confirmation yet on the bullish continuation. However, we might see the pair continue pressuring to the upside and eventually breakout higher. When the pair started moving lower again, traders could use 142.75 as a place to enter long positions.

Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP pushed lower below the 0.8750 level but manage to stage recovery today. The pair situation might continue under bearish pressure near the level and traders will continue to monitor the reaction. As long as there is no lower low printed on the chart, then there is a chance for a bullish reversal. However, if the pair manage to print a new lower low then we might see a continuation toward the 0.8700 and 0.8500 levels.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY attempted to move further upward today but the pair lost bullish pressure and trade back near the opening level. At the current time, the pair might continue trading near the 164.00 level and traders will continue observing. If the pair could continue upward and print a new higher high then we will see a continuation toward 168.50. However, if the pair moves lower and close below 164.00 again then the consolidation between 160.00 – 164.00 will resume.

Today’s Critical level to watch:

Support: 161.00, 160.00, 156.58, 153.50

Resistance: 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF consolidation continues as the pair fail to secure a close above the trendline. Without any close above the trendline, the consolidation between 1.1200 and the trendline will continue. Traders will monitor the pair movement between both levels and wait for a close outside of the range to confirm the next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750