EUR/JPY

EUR/JPY stays inside the 131.50 – 132.00 area after the bullish rally. The pair might continue its consolidation for now while traders wait for tomorrow’s U.S inflation data release. We maintain the bullish outlook on the pair as long as the pair is trading above 127.00. Each bearish movement is a chance for traders to add long positions.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP slightly lower near the upper trendline. There is no major bearish movement yet toward the 0.8400. If the pair could reverse the current bearish pressure and form a higher swing low then it is set to target 0.8500 also 0.8600.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500

GBP/JPY

GBP/JPY consolidates near the 156.58 resistance level and keeps building bullish pressure. The pair might breakout above the level and attempt to print a higher swing high. If the pair manages to print a higher swing high then traders will expect the pair to continue moving bullishly for the long term.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF maintains the close near the 1.2500 level and currently attempting to breakout higher. Despite the bullish situation, the pair might continue trading sideway for now before the release of U.S inflation data tomorrow. We think the pair has more chance to do a bullish continuation as it has formed a higher swing low.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700