EUR/JPY

EUR/JPY bullish trend continues after the bounce from the 134.50 – 135.00 area. The pair has not printed a higher high yet on the chart which means there is a chance of a bearish reversal. If a bearish reversal happens then traders will observe the 134.50 – 135.00 area, 133.50, and 131.50 – 132.00 area for a chance to enter 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 bounced from the trendline but lost bullish momentum. The pair reverse the upward movement and is currently under bearish pressure. We might see another test on the 0.8325 support level. As long as there is no breakout below the level, the bullish trend will be maintained.

Today’s critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY direction is upward after the major breakout above 156.58 and 158.15. Whenever the pair make a bearish correction, traders could aim for long positions near a support level. Traders who have long positions will continue to hold the positions as long as the pair continue printing higher high and higher low.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF is back under pressure and currently testing the previous swing low. There is no breakout below the level yet which means the bearish continuation has not been confirmed. If a bearish breakout happens then the pair is set to target the 1.2000 support level. On the upside, a close above 1.2416 will confirm a long-term bullish reversal.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700