EUR/JPY

EUR/JPY maintains the positions after the bullish breakout from the trendline. The pair situation is bullish and we might see upward movement to print a new higher high. However, if a bearish reversal happens and the pair closes below the trendline then the situation could turn bearish again. At the current time, traders will stay sideline and monitor the pair reactions near the trendline.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance:

EUR/GBP

EUR/GBP attempting to move upward again after yesterday’s bullish close. The pair will undergo a bullish correction and traders will wait near the resistance level for bearish reactions. On the upside, 0.8580 – 08600 is the area to watch as a place for short positions. However, if the pair could continue moving upward and break out above the trendline then the situation could change from bearish to bullish for the medium-long term.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY was slightly lower yesterday after the breakout from the horizontal line. The pair has formed a new higher high which means the bullish trend could continue. At the current time, the pair might continue consolidating near the broken horizontal line and traders will monitor the reactions. If the pair could maintain the positions and bounce with strong bullish reactions then the bullish movement could continue.

Today’s Critical level to watch:

Support: 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF might range between 1.1100 – 1.1200 area for now. The pair looks will test the 1.1200 resistance level soon. If the pair can continue the bullish movement and break out from the resistance level then the trend will turn bullish for the long-term. On the lower side, the pair need to form a lower swing low to confirm a bearish reversal.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750