EUR/JPY

EUR/JPY holding out above the 140.50 support level and might continue the upward movement to target the top trendline. On the daily chart, there is no higher high printed which means the trend is bearish. If the pair start moving lower again and manage to print a new lower low then the bearish trend is set to continue.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP is building more bullish pressure after the reversal before 0.8750. The pair might continue moving upward and target the 0.8900 and 0.90000 resistance levels. Under the current situation, traders who have long positions will continue to hold the position with a stop below 0.8750. When the pair make another bearish correction, traders could enter long positions near the support level.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY closed above the 160.00 level and currently maintains the position above the level. No higher high is printed on the chart yet which means there is a chance of a bearish reversal. If the pair fall with strong bearish momentum below the 160.00 level then traders will expect the continuation of the bearish trend. On the upside, a close above 164.00 might become the indication of a bullish reversal.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF mostly sideways near the 1.1200 level without major reactions. The pair will continue to stick near the level and traders will wait until major movement away from the level happens. On the lower side, a new lower low is a bearish confirmation. On the upside, a close above 1.1600 will become a major bullish confirmation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750