EUR/JPY

EUR/JPY continue moving upward as it distancing from 170.00 handle. The pair will attempt to continue the bullish trend to target a new higher swing high. The same as before, if there is a bearish correction toward the trendline, traders could wait for bounce reactions to enter long positions.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP made a bearish engulfing close after the rejection from 0.8700 – 0.8750 area. There is bearish follow-through today, but the pair looks recovering. If the pair resume the downward movement, then the trend line is the support level to watch. When the pair fall below 0.8580, it will confirm a bearish reversal.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY has erased almost all the drop which happen below 198.00. The pair direction seems bullish now and will attempt to target the 200.00. We could say the bearish breakout is a false breakout. But, the real test is when the pair reach 200.00. A breakout and close above 200.00 will confirm the long-term bullish continuation.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF continue gaining above the 1.0800 level, it is time to switch to bullish view for now. On the lower side, the 1.0800 level will become the support level to watch when a retest happens. We are in a transition phase right now, two higher swing high and two higher swing low will confirm the change to bullish trend.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200