EUR/JPY

EUR/JPY bullish movement continues today and a new higher high is printed on the chart. It seems the upward movement now will continue toward the 148.50 – 151.50 area. No change to the bullish outlook, we think traders could continue to accumulate long positions when a bearish correction happens. At the current time, the 145.00 level might act as a support level.

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 trading sideway near the 0.8750 support level without strong confirmation on the next direction. If the pair breakout lower and prints a new lower low then the bearish trend could continue. On the other hand, if the pair could move upward with strong bullish momentum and print a new higher high then the bullish movement could target 0.8900 and 0.9000.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY moving upward and set to retest the previous week’s high. A breakout and close above the level will confirm upward movement to target 168.50. However, if the pair makes a sudden bearish movement and erase all of the weekly gains then traders will prepare for a bearish continuation toward 160.00. On the upside, a close above 168.50 or a new higher high will confirm a bullish continuation.

Today’s Critical level to watch:

Support: 164.00, 161.00, 160.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF is trading lower inside the triangle area. The pair will continue the consolidation between the 1.1200 level and the trendline. Without any breakout, traders could continue to use the moment to range trading. As mentioned before, the new higher high or lower low will confirm the pair’s long-term direction. Traders will prepare to enter long-term positions depending on the higher high or lower low.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750