EUR/JPY

EUR/JPY bounced from the 163.662 support level and started moving upward again. The pair will attempt to extend the bullish movement toward the 165.81 and 167.14 Fibonacci Extension levels. At the current time, traders who have long positions will continue to hold the positions expecting the bullish trend will continue. If the pair start moving lower again then a new lower low below the latest swing low will cancel or delay the bullish trend.

Today’s critical levels to watch:

Support: 163.00, 162.00, 160.00

Resistance: 165.81, 167.14

EUR/GBP

EUR/GBP continues testing the 0.8580 – 0.8600 resistance area for now. Despite the situation, no breakout above the resistance area yet. Traders will continue waiting for further reactions from the area for now. If the pair breaks out and closes above the area then the bullish trend will continue. On the other hand, a bearish rejection will extend the consolidation inside the green box area.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY pointed upward again and will attempt to move upward to print a new higher swing high. If the pair turn lower again and manage to close below 188.50 then the trend might turn bearish. At the current time, traders will continue to monitor the pair movement. If the pair makes a bearish correction toward the support level then traders could use the chance to add long positions.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance: 190.00

GBP/CHF

GBP/CHF continues moving upward and supported by the bullish trendline. The pair will keep moving upward to target the resistance area of 1.1530 – 1.1600. As long as the trendline hold against bearish pressure, traders could continue use it as place to enter long positions while placing stop order below latest swing low.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750