EUR/JPY

EUR/JPY trading near the channel area and showed a little bearish reaction. The pair trend is bullish and it needs another higher high to continue its upward movement. If the pair could not print a higher high then a bearish correction might happen toward 128.00 and 127.00. Traders could enter long positions near both levels when bearish corrections happen.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00, 131.50, 132.00

EUR/GBP

As mentioned in the previous analysis, it is safer to avoid long positions as the pair could not print higher high and higher low. Today, the pair breakout below 0.8500 and expected to continue its bearish trend. Traders will continue to wait and see for now.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

We expect the pair continues moving upward, continuing its bullish trend. The pair is trading near the 153.50 resistance level and will wait for a reaction. If the pair make a bearish correction then traders could use the chance to enter long positions.

Today Critical level to watch:

Support: 152.00, 150.00, 147.50, 145.00

Resistance: 153.50, 156.58

GBP/CHF

GBP/CHF bounced from 1.2900 and currently trading near 1.3060. The pair will seek to breakout above the resistance level to continue its bullish trend. Traders will continue to avoid short positions for now. If the pair make a bearish correction toward 1.2900 then traders could add more long positions.

Today critical levels to watch:

Support: 1.2900, 1.2800, 1.2700

Resistance: 1.3000, 1.3060