EUR/JPY

EUR/JPY closed above the 142.75 resistance level and currently maintaining the position above it. The pair will attempt to bounce from the level and resume the bullish movement to target the 148.50 – 151.50 area. If the pair make a bearish close below 142.75 with strong bearish pressure then the pair will return inside the 140.50 – 142.75 area.

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 building bullish pressure to breakout above the 0.8920 resistance level. As mentioned in the previous analysis, the pair need to breakout higher and close above 0.9000 to confirm the continuation of the bullish trend. If the pair start moving lower again and print a new lower low then the pair could move down to the target 0.8750 support level.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY is limited near the top of the green box area. The consolidation has not yielded a breakout yet. Under the current situation, traders could wait for a breakout and close outside of the range to confirm the next direction. Meanwhile, traders could also apply range trading strategies until the breakout happens.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF got rejected from the 1.1200 level and start moving lower again. No lower low is printed on the chart which means there is no conclusion on the pair’s next direction. We might see the pair continue consolidating near the 1.1200 level or previous swing low until either a new lower low or a close above 1.1200 happen. If a close above 1.1200 happen then the pair could continue upward to target 1.1530 – 1.1600 area. Meanwhile, a new lower low is a confirmation of bearish continuation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750