EUR/JPY

EUR/JPY is trading upward again toward the trendline and is set to test it. If the pair breaks upward and prints a new higher high then the bullish trend could continue. On the other hand, if a bearish rejection occurs with strong momentum and the pair forms a new lower low then the bearish trend could continue.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP bullish attempt failed to print a new higher high. The pair is mostly sideway for now with now higher high or lower low. Will the pair make another bullish attempt toward 0.8580 – 0.8600 and show bearish reactions there? Alternatively, will it resume the bearish movement without a bullish correction? Traders will continue waiting for now and use the area 0.8580 – 0.8600 as an area to enter short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY made another bullish attempt after the latest bearish move could not print a new lower low on the chart. If a bullish breakout and a new higher high are printed on the chart then the bullish trend could continue. Traders will wait for a bearish pullback for a chance to add long positions. As long as the pair continue printing a new higher high and higher low, the pair could continue the bullish trend.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF’s latest bearish attempt could not print a new lower low on the chart. At the current time, the pair is trading upward and on the verge of a bullish breakout to print a new higher high. Traders will monitor the pair movement inside the 1.1000 – 1.1100 area for now. Without new higher high on the chart, the trend will continue bearish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750