EUR/JPY

EUR/JPY stick near the trend line again after initially breakout above it. The pair will continue the ranging movement near the trend line and traders will wait for more confirmation. Will the pair breakout higher and continue the bullish trend? Alternatively, will it get rejected lower and target the 154.00 – 155.00 area again?

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP bounced from the 0.8525 level and return to the 0.8580 – 0.8600 area. The pair seems trying to form base and resume the bullish movement to target 0.8700 – 0.8750 area again. At the current time, traders could use the 0.8500 – 0.8525 area as a place to enter long positions, assuming that the bullish trend will continue.

Today’s critical levels to watch:

Support: 0.8530, 0.8500

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY moving back and forth the trend line also 188.00 level. There is no confirmation yet whether the pair could continue moving upward or will resume the bearish movement. The consolidation will continue for now. If the pair continue moving upward then it will return inside the 188.00 – 193.50 area also the trend line range.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF bearish movement stalled near the 1.0800 level and might attempt to bounce upward from it. Traders who want to speculate long positions could enter with stop order below the latest swing low at 1.0609. On the upside, the pair has potential to target the 1.1060 – 1.1100 area.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200,