EUR/JPY

A major bullish movement happens today as EUR/JPY jumps from below the orange box toward the 131.50 – 132.00 area. The pair is now expected to continue moving bullishly for the coming days or weeks. However, tomorrow U.S job data could change the whole picture if surprise data is reported.

Under the current situation, traders who have long positions will continue to keep the positions, expecting a breakout above 131.50 – 132.00 and a continuation of the long-term bullish trend.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP make a major bearish movement below 0.8325 today, however, the bearish situation turned extremely bullish. At the current time, the pair is trading at 0.8400 and set to breakout above the level. On the upside, a breakout above the trendline will confirm a major bullish reversal and might trigger the start of the new bullish trend.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY bounce from the 153.50 support level continues gaining more traction as it is currently trading near the 156.58 resistance level. On the upside, the pair needs to close above 156.58 and the trendline to resume the long-term bullish trend. We think a bearish correction is less likely to happen and traders might want to wait for a reaction from the resistance levels for now.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF attempt to breakout above 1.2500 has not succeeded with a close above the level yet. Today, the pair make a breakout again but might settle near the level at the end of the day. Traders will wait for the closing level at the end of the week to confirm the next direction.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700