EUR/JPY

EUR/JPY bearish correction has reached the orange box area and there is a bullish reaction. The pair has formed a higher swing high and a higher swing low. If the pair could maintain the position above the box area and start moving upward then traders could expect a bullish continuation toward the 133.50 resistance level.

Today critical levels to watch:

Support: 130.00

Resistance: 131.50, 132.00, 133.50, 135.00

EUR/GBP

EUR/GBP trading lower and currently testing the 0.8325 support level. The pair will attempt to bounce from the current level and breakout above the trendline to cancel the current bearish pressure. If the pair continues moving lower and print a lower swing low then the long-term bearish trend is set to continue.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY is trading upward and building more bullish pressure right now. The pair has not broken cleanly from the 156.58 resistance level. However, there is no major bearish reaction from the level too. As long as the pair continue to stick near the level, traders could continue to assume that the bullish trend will continue.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF is mostly sideways near the 1.2500 level. There is no major reaction from the level which means it is time to stay sideline. Traders will wait for the formation of a higher swing high above 1.2600 or a lower swing low below 1.2300 to confirm the next direction.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2000

Resistance: 1.2600, 1.2700