EUR/JPY

EUR/JPY continues the upward movement and is set to test multiple highs. If the pair could climb and print a new higher high then the bullish trend will continue. On the other hand, if the pair reverse and move downward then we might see further consolidation between the high and 151.50.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP is trading upward with moderate bullish momentum and currently testing the 0.8580 – 0.8600 area. The pair’s bearish attempt has not printed a new lower low which means there is a chance of a bullish reversal. A close above the 0.8580 – 0.8600 area might become the bullish confirmation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY closed near the 182.45 resistance level yesterday which means no conclusion yet on the pair’s next direction. At the current time, the pair is trading near 182.45 and will wait for further reactions. If the pair get rejected then the consolidation between 178.50 – 182.45 will continue. A more bullish close above 182.45 and a new higher high will confirm a bullish continuation.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF bullish attempt resulted in a bearish rejection today. The pair is trading below the opening level and might extend the bearish movement in the coming days. However, traders will monitor closely the release of U.S. job data at the end of the week. If the pair continue lower then the bearish trend will continue. On the upside, a close above 1.1200 might turn the trend bullish for the short-term.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750