EUR/JPY

EUR/JPY closed above the blue box area and continue the bullish movement today. The pair has reached the 131.50 resistance level today and will keep testing it. A breakout above 131.50 – 132.00 will confirm the bullish continuation of the current leg up. If the pair make a bearish correction then traders will use the blue box area for a chance to enter long positions.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP extended its bearish movement and closed lower yesterday. The pair bearish trend is solid and there is no sign of bullish reversal yet. If there is no change to the situation then EUR/GBP is set to test 0.8325 soon. Traders will wait for a bullish correction to enter short positions near the resistance level.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY breakout above the 156.58 resistance level and now will attempt to breakout above previous year’s high. If the breakout happens then the bull will break loose and lead the pair further higher. Traders will avoid short positions for now until a major bearish reversal happen. 156.58 is the level to look for long positions when the bearish correction happens.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF is on the path upward, leaving the 1.2300 support level. The pair soon will test the 1.2500 resistance level. It needs to close above the level to confirm a medium-term bullish reversal. If the pair get rejected from the resistance level then we might see a bearish continuation toward 1.2300.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700