EUR/JPY

EUR/JPY managed to extend the bullish movement today and print a new higher high. The pair will continue the bullish trend and target a new higher swing high on the chart. No bearish sign yet for now, it is better to avoid shorting the pair as the trend is bullish. However, when the pair fails to print a new higher swing high and turns lower drastically, traders could consider short positions.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP makes another bullish attempt toward the 0.8580 – 0.8600 area. However, the bullish pressure receded, and the pair traded back below the opening level. If the pair continues the bearish movement next then we will see a continuation of a bearish trend. On the upside, a breakout and close above the 0.8580 – 0.8600 area will cancel the current bearish outlook.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY stays above the 188.50 level and will attempt to extend its bullish trend. Traders will continue to avoid shorting the pair as it continues printing new higher highs and higher lows. On the lower side, the pair needs to print a new lower low below 185.20 to confirm a bearish reversal. At the current time, it is better to stay sideline if traders do not have a long position.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF bearish pressure receded and the pair was slightly higher above the 1.1100 level. It might continue trading upward to test the 1.1200 resistance level. At the current time, traders will wait for the pair to print a close above 1.1200 to confirm the continuation of the bullish trend. If the pair turn lower and print a new lower low then the bearish trend will resume.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750