EUR/JPY

EUR/JPY is stuck near the 140.50 level and there is a bullish continuation in today’s trading session. If the pair continues moving upward then it will test the top trendline. Traders will monitor the pair reaction near 140.50 and the trendline. If the pair get rejected with a strong bearish reaction then traders could enter short positions.

Today’s critical levels to watch:

Support: 137.40, 135.00

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP reverses the bearish pressure and starts moving upward again. The pair seems will move upward to target 0.8900 and 0.9000 resistance levels. If the pair start another bearish correction then traders could use the moment to enter long positions when a bullish reaction happens. On the lower side, as long as there is no lower low then the pair could continue moving upward.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY returned to the 160.00 level and currently testing it. The pair’s overall direction is bearish which suggests a chance for traders to enter short positions when bearish reactions happen. On the upside, a new higher high and close above 164.00 could become a confirmation of a bullish reversal. In the medium-long term, we think the pair could continue lower to target 150.00.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF continues consolidation near the 1.1200 level without strong reactions. There was a bearish close yesterday but no bearish continuation in today’s trading session. Traders will continue to monitor the pair reaction near the 1.1200 level for now. We think the next strong momentum movement away from 1.1200 will become the confirmation for the next direction.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750