EUR/JPY

EUR/JPY mostly flat today after previous day’s breakout. The pair is set to continue the bullish movement to target 127.2 Fibonacci Extension level at 183.667. There is bearish correction to retest the breakout level today and the pair maintain the position above it. Traders could use the level to add long positions with stop order below 180.00

Today’s critical levels to watch:

Support: 182.00, 180.54, 180.00, 178.765, 175.00,

Resistance: 183.40, 185.84

EUR/GBP

EUR/GBP continue to stick near the 0.8750 level and consolidating for now. There is bullish attempt with slight bearish rejection today. Nevertheless, the situation has not changed as the pair pausing after bearish breakout. Will the pair resume the bearish movement to target 0.8700? Alternatively, will it return above 0.8750 and the trend line to resume the bullish trend?

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY continues its upward move and prints another bullish candle today. However, the pair stay inside previous day’s range and will wait for trigger to continue the bullish movement. No bearish signal appears yet. Momentum likely keeps price advancing unless a strong reversal candle emerges. 205.29 is the major support level to watch, while 210.13 is the upward target to watch.

Today’s Critical level to watch:

Support: 208.00, 207.00, 205.00

Resistance: 210.00

GBP/CHF

GBP/CHF shows mild weakness today after turning lower before it could reach 1.0800. If price continues pulling back, the next important level is 1.0660, where bullish reactions may happen. As long as 1.0660 holds, the structure remains bullish and traders could continue to add long positions.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200