EUR/JPY

EUR/JPY sticks near the 137.40 resistance level without strong reactions. The pair might form a lower high at the resistance level and continue moving downward. At the current time, traders will continue to monitor the pair reactions near the 137.40 level. If the pair could continue moving upward and print a new higher high then the bullish trend will continue.

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 trading upward as expected and getting near the 0.8500 level. Traders will monitor the pair reactions at the 0.8500 level. We might see a formation of lower high near the resistance level which will become confirmation to enter short positions. On the upside, a close above 0.8600 will cancel the bearish outlook.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY is trapped between 161.00 – 164.00 area as the pair continues moving inside the range. Despite strong momentum movement inside the range, there is no close outside it yet. Traders will observe the pair reactions inside the area for now. A breakout followed by the formation of a new higher high or lower low will become the confirmation of the next trending movement.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF extends the bearish movement and gains more bearish momentum. There is nothing traders could do now aside from holding short positions or waiting for a bullish correction toward resistance levels. Traders who have short positions will move stop level near the 1.1600 level now.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1600, 1.1750