EUR/JPY

EUR/JPY is on the path upward to target the 148.50 – 151.50 area. There is nothing to change the current situation as the pair continue printing a new higher high. On the lower side, the level around 145.50 will become the support level when a bearish correction happens. Traders will monitor the pair reactions near the level for a chance to enter long positions.

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 continues trading upward and will attempt to extend the bullish movement toward the 0.8900 and 0.9000 resistance levels. No conclusion yet on the pair’s overall direction as the range span between 0.8700 – 0.9000. Without a breakout from the range, traders could use it to range trading with stops outside of the range.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY holding out near the high and will attempt to extend the bullish movement. If a bullish breakout with strong momentum happens then the bullish trend could continue. However, if the pair start moving lower then traders will use the moment to enter long positions with a stop below the previous swing low.

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 could not reverse the bearish pressure as the pair continue printing bearish closes on the daily chart. If the pair print a new lower low on the chart then the bearish trend will continue. On the upside, the bearish trendline is the place to look for long positions when the pair manage to print a new lower low. On the other hand, if the pair print a new higher low then traders might expect a new higher high and breakout above the trendline.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750