EUR/JPY

EUR/JPY breakout above the 131.50 – 132.00 area and now set to resume the long-term bullish trend. On the upside, 133.50 is the nearest resistance level. If the pair get rejected and start moving lower, then 131.50 – 132.00 will become the area to look for long positions. At the current time, traders might want to continue to avoid short positions.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

EUR/GBP stick near the top of the trendline and attempt to build more bullish pressure. 0.8400 is the support level where bounce might happen. We think the pair will form a higher low near the 0.8400 level and continue its upward movement to target 0.8500 and 0.8580 – 0.8600 area.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY breakout above the 156.58 resistance level and heading toward the previous year’s high. Under current bullish momentum, we might see a new higher high printed, and the long-term bullish trend could continue. No reason to become bearish again. Traders will wait for a bearish correction to add more long positions.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF attempts a breakout above the triangle pattern. The pair need to print a higher swing high to further confirm the current bullish breakout. Meanwhile, traders could use the triangle as a place to enter long positions with stops below the 1.2300 support level. When the pair form a higher swing high, it is time to abandon short positions.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700