EUR/JPY

EUR/JPY gaining upward momentum and currently testing the 137.40 resistance level. A close above the level will confirm a bullish continuation in the coming week. However, a significant bearish rejection from the level will trigger a bearish reversal and continuation to target the area below 134.50 – 135.00.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.40, 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP closed above the 0.8400 level which confirms bullish reversal. The pair need to maintain a position above the 0.8400 support level to continue the bullish movement toward 0.8500. Traders will wait near the 0.8500 level for a chance to enter short positions when a bearish reversal happens.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580

GBP/JPY

GBP/JPY ranged perfectly between 161.00 – 164.00 even though the pair moved with high volatility. Traders will wait until the pair make a close outside of the range to confirm the next direction. We still favor the bullish scenario but traders might want to apply a ranging strategy for now until the breakout happens.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF has not left the 1.1600 yet. The pair continued the sideway movement near it without a major clue on the next direction. Traders will continue waiting until the pair either print a new lower low or close above 1.1750 to confirm the next trending movement.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125