EUR/JPY

EUR/JPY printed a bullish bounce from the 142.75 level and is expected to continue the bullish movement to target the 148.50 – 151.50 resistance area. Traders could continue to use the 142.75 level as a place to enter long positions. Without close below the level, it is better to avoid short positions for now.

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 make three days bullish close but it is not significant compared to the bearish candlestick before the three candles. At the current time, the pair is under bearish pressure. If the pair resume the bearish movement toward the 0.8750 level then traders will monitor closely the pair reaction at the 0.8700 – 0.8750 area. A breakout and close below 0.8700 is a major bearish confirmation.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY continues trading upward after the bounce from the green box area. But no higher high is printed on the chart yet for now. If the pair could breakout higher then the bullish movement could continue. On the other hand, a bearish reversal and close inside the green box area will confirm further consolidation inside the box area.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF building more bullish pressure and has moved above the previous week’s high. The pair will keep moving upward to target the 1.1530 – 1.1600 area. Despite the situation, we are not sure where the pair will move next in the medium-long term. The next higher high or lower low will confirm the next direction.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750