EUR/JPY

EUR/JPY made major bullish progress with a close near the 131.50 – 132.00 resistance area. The pair continue pressuring to the upside and might breakout above the area soon. No surprise on the upward movement as the pair long-term trend is bullish as long as it stays above 127.00. Traders who have long positions will continue to hold the positions in expectation of movement above 133.50

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP closed above the 0.8400 resistance level and continues the bullish movement today. The pair is getting near the top trendline and will test it. We think the current bullish movement has strong momentum and has a high chance to reverse the long-term bearish trend. A close above the trendline will confirm the start of a new bullish trend. (A retest on 0.8400 might happen and traders could use the moment to add long position)

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY moving near the 156.58 resistance level and soon will test it. The pair need a close above the resistance level and the trendline to confirm bullish continuation. We think the pair has a high chance to make a bullish breakout as it formed a higher swing low. Traders will place a stop level below 153.50 in case the current bullish movement failed.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF closed the day near the 1.2500 resistance level. The pair keep building bullish pressure and aiming for a breakout above the level. If the pair could continue its bullish movement and print a higher swing high then the bullish trend is set to continue. On the upside, 1.2700 will become the bullish target.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700