EUR/JPY

EUR/JPY printed a more bullish close and currently testing the 142.75 resistance level. The pair might start moving lower again and continue the ranging movement between 140.50 – 142.75. However, if the pair continues the upward movement and close above 142.75 with strong bullish momentum then the bullish trend toward 148.50 – 151.50 could continue.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 142.75, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP finally start moving upward again after consecutive bearish closes on the daily chart. The pair will attempt to breakout and close above 0.9000 to confirm a long-term bullish continuation. At the current time, traders will wait for further reactions from the 0.8900 – 0.9000 resistance area. On the lower side, a new bearish attempt and a new lower low will cancel the current bullish outlook.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY closed near the top of the box area yesterday. The pair make a bearish attempt today which might become further consolidation confirmation. If the ranging movement continues then traders could continue to apply the range trading strategy until a breakout and close outside of the range happen.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF failed to close above the 1.1200 resistance level. The pair show a bearish reaction today which might become the bearish continuation confirmation. If a new lower low is printed then the pair could continue moving lower. On the other hand, if the pair could close above the 1.1200 level with strong bullish momentum then the bullish trend could continue.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750