EUR/JPY

EUR/JPY stage rally and managed to print a higher swing high. The pair is trading at the 131.50 – 132.00 area and looking for a breakout above it. We think the trend will continue bullish and traders could use each bearish correction as a chance to enter long positions.

On the long-term outlook, as long as 128.00 and 127.00 hold out against bearish pressure then the trend will continue bullish.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP secured a close above the bearish trendline. The pair is expected to keep building bullish pressure and target the 0.8500 resistance level. If the pair pushed lower toward the trendline or 0.8400 then traders could use the chance to enter long positions. We expect the pair will form a higher swing low to confirm a bullish reversal.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500

GBP/JPY

GBP/JPY is slightly lower from the 156.58 resistance level. The pair will attempt to breakout above the level and print a higher swing high. At the current time, traders will wait for further reaction from the level. 153.50 and 156.58 is the levels to watch.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF climb and attempting to breakout above 1.2500. The pair has formed a higher swing low at 1.2300 and now will attempt to form a higher swing high. The trend will continue bullish for now. But, if the pair form a lower swing high again then we will enter consolidation period.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700