EUR/JPY

EUR/JPY extends the bullish movement today but without strong momentum. The upward movement looks losing its momentum and might close the day near the opening level. Nevertheless, the pair currently challenging the resistance level, and failure to breakout might push the pair lower again to retest the 154.00 – 155.00 area. Traders will observe the pair reactions near the current level for now.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP continues the bearish movement today and reaches the 0.8600 support level. The pair might extend the bearish movement to target the bottom trendline. Traders will monitor the pair’s movement inside the triangle pattern. A breakout from the triangle pattern might confirm the pair’s next directions. At the current time, it seems the bear has more control over 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 extends the bullish movement similar to the EUR/JPY. The pair currently challenging the resistance level and traders will monitor the reactions for now. Will the pair break out and continue the bullish trend? Alternatively, will it get rejected and start moving lower again to test 178.50?

Today’s Critical level to watch:

Support: 178.50

Resistance: 182.45, 184.00, 186.00

GBP/CHF

GBP/CHF has more room to the upside and the pair might reach the level around 1.1000 before resuming the bearish trend. Traders will wait near the resistance level for a chance to enter short positions when bearish reactions happen. At the current time, it is better to stay sideline as shorting near the current level is shorting the bottom of the movement.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

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