EUR/JPY

EUR/JPY made a bullish close above the trendline and there is a bearish retest today. The retest seems resulted in a bounce which means the pair could continue the upward movement. At the current time, a breakout from the trendline has happened. If the pair could immediately move upward with strong bullish momentum then the bullish 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 printed a new lower low on the chart which means no change to the bearish trend. However, the pair produced a major bullish movement today which could close the day as a bullish engulfing pattern. If the pair continue trading upward then traders will wait near the 0.8580 – 0.8600 area for bearish reactions. When there are bearish reactions, traders could 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 breakout and close above the horizontal resistance line. The pair also printed a new higher swing high which confirm a bullish continuation. At the current time, the pair might trade sideways and attempt to maintain the positions above the horizontal line. Traders will observe the pair movement near the current level for now.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHF broke out above the 1.1100 resistance level yesterday and made a significant bullish close. The pair might attempt to move upward to test the 1.1200 resistance level next. Will the pair manage to close above the resistance level to confirm a bullish trend reversal? Alternatively, will it turn lower again and print a new lower low to confirm a bearish continuation?

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750