EUR/JPY

EUR/JPY hanging near the top and currently moving upward to retest last week’s high. The pair will continue the bullish trend and traders who have long positions near support levels will continue to hold the positions for now. If the pair start a bearish correction then traders could wait near the support level for a chance to add more long positions.

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 sticks near the low but no lower swing low printed on the chart yet. If the pair could extend the bearish movement and close below 0.8500 then the bearish trend could continue. On the other hand, if the pair could climb and close above 0.8700 then the trend could turn bullish again for the long-term.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY following the situation in EUR/JPY pressuring to the upside. The pair will test previous week’s high and breakout above it. At the current time, the bullish movement is expected to continue and traders who has long positions will continue hold the positions. On the lower side, 182.45 might become the support level to watch when a bearish correction happen.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF’s return above 1.1200 and close above it last week. The pair situation might turn bullish again as the pair managed to print a higher high. At the current time, the pair might consolidate near the 1.1200 level and traders will monitor the pair reactions. If the pair could build more bullish pressure then the bullish trend could continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750