EUR/JPY

EUR/JPY extended the bullish movement today and printed a new higher high. However, the pair experienced pullback and might close near the opening level. As the trend is bullish, the pair could continue the bullish movement toward the 165.814 and 167.143 Fibonacci Extension levels. If the pair starts moving lower again then 163.662 will continue to act as a support level.

Today’s critical levels to watch:

Support: 163.00, 162.00, 160.00

Resistance: 165.81, 167.14

EUR/GBP

EUR/GBP broke above the 0.8580 – 0.8600 area which confirmed a new bullish trend. At the current time, the pair experience bearish pressure and might retest the broken area. Traders will observe the pair reactions near the area for a chance to enter long positions. However, if the pair’s bearish pressure mounts and manages to print a new lower low on the chart then the situation might reverse.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY is mostly sideway inside the triangle pattern as shown on the chart. The pair will continue the consolidation movement inside the triangle pattern for now. Traders will wait for a breakout and close outside of the range to confirm the continuation movement. Will the pair continue the bullish trend? Alternatively, will it move lower and print a new lower low to confirm a bearish continuation.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance: 190.00

GBP/CHF

GBP/CHF has reached the bearish area of 1.1200 – 1.1225 and form a bullish reactions. The pair movement might turn bullish now or a consolidation might happen not far from the 1.1200 – 1.1225 area. It is better to continue observing the pair reactions near the 1.1200 – 1.1225 area for now. If the pair continue moving lower then 1.1100 will become the next support level to watch.

Today’s critical levels to watch:

Support: 1.1200, 1.1100

Resistance: 1.1530, 1.1600, 1.1750