EUR/JPY

EUR/JPY reach our target today at the 148.50 resistance level. The movement from 140.50 to 148.50 might undergo a bearish correction. However, there is a chance of upward continuation to test the 151.50 resistance level without any bearish correction. Traders will wait for a bearish correction to enter more long positions as the current trend is bullish.

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 has not left the 0.8750 – 0.8920 area yet which means the consolidation will continue. No new higher high or new lower low on the chart yet which means the trend is sideways. Under the current situation, traders will trade near the resistance level or the support level until a breakout and close outside of the area happen.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY is on the path upward and soon will reach the 168.50 resistance level. There was a bearish movement but immediately reversed last week. The pair might continue upward, a breakout above 168.50 and close above it. However, if a bearish correction happens then traders could use the moment to enter more long positions near support levels.

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 is mostly lower after the rejection from the 1.1200 level. The trend will continue bearish and traders better avoid long positions for now. A new lower low will confirm the bearish continuation to target a new low. On the upside, the 1.1200 level and the trendline will become the resistance levels to watch when a bullish correction happens.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750