EUR/JPY

EUR/JPY extend the bullish movement and finally, breakout higher to print a new higher high. The pair will continue the bullish trend and traders will await a bearish correction to add more long positions. As long as the pair continue printing more higher high and higher low, traders better avoid shorting the pair.

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 continues upward to target the 0.8700 resistance level. The pair needs to close above 0.8700 to print a new higher swing high and confirm a bullish reversal. We have a new higher low at 0.8580 – 0.8600 which could develop into the bullish setup for the next uptrend. However, if the pair form a lower swing high and then resume the bearish movement to print a lower swing low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY continues moving upward today in an attempt to print a new higher swing high. However, the pair seems losing the bullish pressure as it trades back toward the opening level. Will the pair continue the bullish trend immediately? Alternatively, will the pair return inside the 178.50 – 182.45 area to continue the ranging movement?

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF fell with moderate bearish momentum today which might indicate a bearish continuation. The pair need to continue the bearish movement and print a new lower low to confirm the bearish continuation. If the pair reverse the direction and manage to close above 1.1200 then the bearish trend might be delayed or cancelled.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750