EUR/JPY

EUR/JPY is mostly higher, on the path toward the 148.50 – 151.50 area. There are no major bearish reactions yet which means traders will continue to hold long positions. On the lower side, the previous swing high around 145.50 will become the support level when a bearish correction happens. Traders might want to avoid short positions until the pair reaches the resistance level and form a major bearish reaction.

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 looks to attempt to build more bullish pressure to move upward and target 0.8900 and 0.9000 resistance levels. However, the pair’s upward movement has no strong momentum and might reverse anytime. If a bearish reversal happens and the pair close below 0.8700 then we might see a bearish continuation.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY continues moving upward slowly and is set to reach the 168.50 resistance level. There is no change of direction yet which means traders will wait near the resistance level for reactions. If the pair close above 168.50 then the bullish movement will continue. On the lower side, 164.00 will act as a support level when a bearish correction happens.

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 breakout below the 1.1200 support level and now will target a new lower low. The pair might have confirmed a new bearish leg and traders better avoid long positions. On the upside, the bearish trend is still intact and will act as a resistance level when a bullish correction happens. If the pair print a new lower low then the bearish continuation is confirmed.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750