EUR/JPY

EUR/JPY launched upward after the consolidation around the 134.50 – 135.00 area. The pair moves upward with strong bullish momentum and is expected to print a new higher swing high. At the current time, the trend is bullish and traders will continue to avoid short positions. Traders will wait for a new higher swing high printed and a bearish correction to happen before entering more long positions.

Today’s critical levels to watch:

Support: 135.00, 134.50, 133.50, 132.00, 131.50

Resistance: 137.00

EUR/GBP

EUR/GBP managed to print a higher swing high at the 0.8500 resistance level. The pair then start a bearish correction and reach the 0.8325 support level. The pair continue to maintain the level above the support level and waiting for a bounce reaction. As long as there is no lower swing low printed then the bullish trend is set to continue. Traders could use the 0.8325 support level as a place to enter long positions.

Today’s critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY bearish correction could not reach the 158.15 and 156.58 support levels. The pair continue moving upward and soon a higher swing high will be printed. Traders will continue waiting for a bearish correction toward 158.15 and 156.58 for the chance to enter more long positions.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF has not breakout below the horizontal support level which means the bearish continuation has not been confirmed yet. If the pair moves lower with strong bearish momentum below the horizontal level then traders will have a bearish continuation confirmation. On the other hand, a bullish bounce from the current level and a close above 1.24168 will confirm a major bullish reversal.

If the pair continues lower then 1.2000 is the bearish target.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700