EUR/JPY

EUR/JPY sharply higher today following the strong up move in USD/JPY. The market seems thinking that inflation will continue moving upward which push other central bank to raise rate while BOJ undecided. No touch on the 154.00 – 155.00 area yet, but we could say the pair has shown major bullish reactions near the area. Under current situation, the pair could continue the bullish movement to target the broken trend line.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP bounced from the 0.8325 level, which confirm the continuation inside 0.8325 – 0.8400 area. The pair will continue consolidating and traders will use the range to apply range trading strategy until breakout happen. Overall, we have a higher swing low and higher swing high. If the pair breakout higher and print new higher swing high, then the bullish trend will continue.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530, 0.8580, 0.8600

GBP/JPY

GBP/JPY bounced from the 188.00 level and has reached the trend line. The pair might extend the bullish movement to test the 193.50 level. Under current situation, traders will wait for further confirmation as the current movement has strong momentum. If the pair could break out higher and print a new higher swing high, then the trend will turn bullish.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF has reached the top of green box area with strong bullish close. The pair will test the resistance level now and traders will wait for reactions. If the pair stay inside the range and form bearish pattern, then traders could enter short positions. As long as the pair stay inside the green box area, traders will continue to apply range trading strategies.

Today’s critical levels to watch:

Support: 1.1200, 1.1000, 1.0800, 1.0500

Resistance: 1.1225, 1.1360, 1.1400