EUR/JPY

EUR/JPY launch upward today and reach the upper trendline. The pair has strong bullish momentum and might break out above the trendline. If the pair could add more bullish pressure in the coming days or until the end of the week then traders will expect continuation toward the 148.50 – 151.50 area.

Today’s critical levels to watch:

Support: 140.50, 137.40

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP situation has not changed yet. The pair keep pressuring the 0.8580 – 0.8600 area but no major bearish breakout happened yet. The pair might continue trading sideway near the area and traders will continue waiting for further reactions from the area. If a bearish breakout and close below the area happen then we might see a bearish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY currently trading at the 168.50 resistance level with strong bullish momentum. The pair is testing the top of the 164.00 – 168.50 area and will wait for further reactions. If the pair could close above the level and maintain bullish pressure then we will expect upward continuation to target a new higher high.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF consolidating below the 1.1530 – 1.1600 area with no clue on the next direction. A test on the area might happen and traders will wait for reactions. If the pair could close above the area and form a new higher high then the bullish movement could continue toward 1.1750. On the other hand, major bearish rejections will open the path toward 1.1200.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750