EUR/JPY

EUR/JPY trading upward above the 140.50 level but staying below the bearish trendline. The pair might test the trendline and produce a bearish reaction. Traders will use the chance to enter short positions with a target below the previous swing low. However, if the pair print a new higher high then we might have another trend change which could bring the pair up.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP resume the bearish movement but make a bullish reversal before it could touch the level. It seems the trend might have turned bullish again and traders who enter long positions could continue to hold the position with 0.8900 and 0.9000 as upward targets. As long as the pair print a new higher high and higher low, traders better stick with long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY traded upward above the 160.00 level but no higher high printed on the chart yet. The current bullish movement will attempt to print a new higher high to reverse the current bearish trend. If the pair make a bearish close below 160.00 then traders could enter short positions targeting a new lower low or 150.00 support level.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF has not made a significant movement away from the 1.1200 level. The pair mostly sideway and stick near the level. Traders will continue waiting for further reactions near the level. Will the pair move upward with strong bullish momentum to continue the consolidation between 1.1200 – 1.1600? Alternatively, will it move lower and print a new lower low to confirm bearish continuation?

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750