EUR/JPY

EUR/JPY slightly higher since the latest bounce. The pair could continue the bullish movement to target a new higher swing high. However, if the pair come under bearish pressure again and reach the trend line, then traders could use it as a chance to enter long positions. On the upside, 175.374 and 177.328 will become a target 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 managed to bounce from the 0.8580 – 0.8600 area after printing a new lower low. The pair range currently spans between 0.8580 – 0.8750. A breakout and close below 0.8580 will cancel bullish outlook and trigger a double top pattern. On the other hand, a close above 0.8750 will confirm a bullish continuation.

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 back to the 200.00 level and continue to stick near it. No breakout and close above the level as the pair continue consolidating near it. As we mentioned before, we expect a strong bullish breakout above the level. Otherwise, the pair might turn lower, print a new lower swing low to cancel the bullish outlook.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF looks trading near the opening level after moving up earlier. The pair might attempt to move lower and reach 1.0800 for retest. When the pair reach 1.0800 and form strong bullish reaction, traders could add long positions. On the upside, 1.1060 – 1.1100 is the target area to watch. On the lower side, a new lower swing low will cancel the bullish outlook.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200