EUR/JPY

EUR/JPY closed above the 131.50 – 132.00 area and confirmed further upward movement. However, the pair is currently under bearish pressure and testing the 131.50 – 132.00 area. Despite the situation, traders will continue to stick with long positions and threaten each bearish correction as a chance to enter long positions.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

EUR/GBP falls below the 0.8400 support level also the trendline. This could be a sign of bearish rejection and a bearish attempt toward 0.8325. We have a higher high printed on the chart. If the pair could form a higher low around 0.8325 – 0.8350 then we might be set for a new bullish leg to target 0.8500.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY surpassed the 156.58 resistance level and will test the previous year’s high soon. There is no reason to become bearish for now unless the pair make a major bearish reversal pattern. Traders could use 156.58 as a support level to enter more long positions later when a new swing high is confirmed.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF distancing itself from the 1.2500 level and is currently challenging its previous swing high. If the pair could add more gain and print a new higher swing high then we will have more confirmation on bullish reversal. Next week, traders will expect the pair to continue the upward movement to target 1.2700.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700