EUR/JPY

EUR/JPY maintains the situation above the trendline and will attempt to extend the bullish movement. However, if the pair starts moving lower then it will retest the broken trendline. The pair needs to print a new higher high to confirm the continuation of the bullish trend. On the lower side, if the pair manages to print a lower low then the trend could turn bearish again.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance:

EUR/GBP

EUR/GBP was mostly higher at the end of the previous week. The pair might attempt to continue the upward movement to test the 0.8580 – 0.8600 area. Traders will wait near the area for bearish reactions to enter more short positions. However, if the pair could break out above the area and the bearish trendline then the situation could turn bullish again.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY managed to maintain the position above the 188.50 level and will attempt to extend the bullish movement. The pair situation is bullish which means traders better avoid shorting the pair. As long as the pair continue printing new higher highs and higher lows, there is no reason to turn bearish yet. When the pair forms a lower high and lower low then it is time for a bearish reversal.

Today’s Critical level to watch:

Support: 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF closed below the 1.1100 level at the end of the previous week. Despite the bearish close, the pair has reclaimed the level above 1.1100 and managed to print a higher swing high. If the pair could push further upside and close above 1.1200 then the long-term trend will turn bullish. At the current time, traders will wait for reactions near the resistance levels for clues on the next direction.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750