EUR/JPY

EUR/JPY broke above the triangle pattern and is now set to continue the bullish movement to target the 140.50 resistance level. There is bullish follow-through today but no strong momentum on the upward movement. If the pair start moving lower again then traders could use 137.40 as a level to enter long positions.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP moving upward with strong bullish momentum and is currently challenging 0.8580 – 0.8600. If the pair could close above 0.8600 then the trend will turn bullish for the medium-long term as a new higher high and higher low has formed. Traders will use the current moment to add long positions when a bearish correction happens.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY trading lower but maintaining the range inside the 161.00 – 164.00 area. There is no breakout from the range and the pair will continue trading inside it for now. As long as the pair maintain the range, traders could use the moment to continue to apply range trading strategies.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF is on track lower to target the 1.1200 support level. There is no change to the bearish situation yet. Traders will wait for a bullish correction toward 1.1530 and 1.1600 for a chance to enter short positions. A close above 1.1600 might become the indication that the trend has turned bullish.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750