EUR/JPY

EUR/JPY closed the week above the blue box area which means the bullish trend will continue. On the upside, 131.50 – 132.00 is the resistance area to break. A close above the area will confirm continuation toward 133.50. At the current time, traders might continue to hold long positions and wait for a bearish correction to add more 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 path is bearish as the pair continue under pressure near 0.8325 support level. As mentioned in the latest analysis, traders will continue to avoid long positions for now, at least until a major bullish reaction formed. If the pair breakout and close below 0.8325 then traders could continue to hold short positions.

On the upside, 0.8400 is the level to place short positions when a bullish correction happens.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY stays above the 156.58 level and keeps pressuring to the upside. The pair soon will breakout above the previous swing high and continue the bullish trend. Without any major bearish reaction or close below 156.58, it is better to avoid shorting the pair for now.

Today Critical level to watch:

Support: 156.58, 153.50, 150.00, 149.20

Resistance: 160.00

GBP/CHF

GBP/CHF reached the 1.2500 resistance level and there is no bearish reaction yet. If the pair manages to print a higher swing high then the trend will change from bearish to bullish. Traders will monitor closely the pair reaction at the 1.2500 resistance level for now.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700