EUR/JPY

EUR/JPY bounced from the 134.50 – 135.00 area with moderate bullish momentum. The pair will attempt to extend the bullish movement and continue the current bullish trend. Traders will continue to avoid shorting the pair and waiting for a bearish correction to enter long positions near support levels.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.00, 140.00, 140.50

EUR/GBP

EUR/GBP currently stay above the 0.8400 support level and attempting to bounce from it. On the upside, a close above 0.8500 will confirm a bullish reversal and continuation toward the 0.8580 – 0.8600 resistance area. On the lower side, a movement below the previous swing low will cancel the current bullish outlook.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8100

Resistance: 0.8500

GBP/JPY

GBP/JPY trigger a bullish reversal before it could reach the 158.15 and 156.58 support levels. Under the current situation, the pair is set to continue the bullish trend and target a new higher high. On the lower side, the pair need to push below 150.00 to cancel the current bullish outlook. We think the chance for bearish reversal is low.

Today Critical level to watch:

Support: 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF stick near the low without a major bearish breakout. The pair is continuously under bearish pressure and a breakout toward 1.2000 might happen. Traders will stay sidelined, for now, waiting for a further reaction from the current level. Traders who want to speculate could enter long positions with stop below 1.2000 and an upward target at 1.2300 – 1.2400.

Today’s critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2416, 1.2500