EUR/JPY

EUR/JPY launch upward and will test the top of the consolidation range. If the pair could break out and close above the top of the consolidation range with strong bullish momentum then there is a chance of bullish continuation. On the other hand, a strong bearish rejection will put the pair back into the consolidation range. Traders will continue to monitor the pair reactions for now as the recent trend is bearish.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP moved lower and formed a lower swing high which could become a sign of a bearish continuation. However, we could see a triangle pattern formed on the daily chart which means the overall trend is sideway. Traders will monitor the pair reactions inside the triangle area for now. A breakout from the range will confirm the next direction of the pair.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY moving upward with moderate bullish momentum. The pair will test the horizontal resistance level and traders will wait for reactions. If the pair fails to break out and close above the range then the consolidation will continue. On the lower side, a new lower low on the chart will confirm the continuation of a bearish trend.

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF currently undergoes a bullish correction after printing a new lower low on the chart. The pair have upward room to target the level around 1.0950 – 1.1000. Traders will wait for the pair to start a bullish correction toward the resistance level. When the pair manage to reach a resistance level and form a bearish reaction then traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750