EUR/JPY

EUR/JPY surpassed ten day’s candlestick high, which might confirm the continuation of upward movement. On the upside, the pair will target a new higher swing high. Also, the 177.328 level will become the next target to watch. If the pair start moving lower again, then traders could use the trend line as a major support level to watch.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP pushed lower, but it recovers before it could touch the 0.8580 – 0.8600 area. The pair might close the day near the opening level and form a bullish pin bar. If the pair immediately continue the upward movement, then we could expect another retest on the 0.8700 – 0.8750 area.

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 extended the bullish movement and tested the level near 200.00. Under current situation, we could expect a breakout above 200.00 on the card. As long as there is no major bearish reversal happening, it is better to stay sideline or hold long positions for now. It might turn out into an explosive breakout or a nasty fake breakout.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF bullish movement reversed and might close the day lower today. If the pair turn lower, then the 1.0800 level will become the support level to watch. Traders could enter long positions near the 1.0800 level when there are bullish reactions. On the upside, 1.1060 – 1.1100 is the target area to watch.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200