EUR/JPY

EUR/JPY broke above the trend line and managed to print a strong bullish close above it. The pair attempting to continue the bullish movement today, however, it reversed and might close the day on bearish zone. If the pair turn lower again, then it will test the trend line and looking for bounce from it. Traders will wait for reactions near the trend line for a chance to enter long positions.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP got rejected from the 0.8700 – 0.8750 area, and there is bearish follow-through today. The pair will test the 0.8580 – 0.8600 area, where traders will wait for reactions. If the pair could bounce from the area, then it might consolidate between 0.8580 – 0.8750.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY gapped up above the 188.00 level and the trend line. It seems the pair will continue to consolidate near both levels for now with bullish bias. If the pair could add more bullish pressure and launch upward, then it will continue trading inside the trend line range and the 188.00 – 193.50 area.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF attempting to trade upward today above the 1.0800 level. The pair initially manage to gain above the level. However, it comes under bearish pressure and trade back below the 1.0800 level. The pair might resume the bearish trend to target a new lower swing low. However, if the pair manage to build more bullish pressure, then there is a chance of bullish correction toward 1.1060 – 1.1100 area.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400