EUR/JPY

EUR/JPY continue trading upward and reached the bearish trendline today. The pair has not shown any reaction from the trendline which means no confirmation yet to enter bearish positions. Traders will wait for a further reaction from the trendline for now. If the pair get rejected and print a bearish close below the 140.50 support level 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 resume the bullish movement and set to target the 0.8900 and 0.9000 resistance levels. Traders who have long positions will continue to hold the positions now. If the pair start a new bearish correction and as long as there is no close below 0.8750 then the bullish trend will continue. Traders will avoid short positions until the pair reach 0.8900 or 0.9000 and form a major bearish reaction.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY climb above the 160.00 level and maintain the position above it. There is no major movement away from the level yet. A consolidation might continue and traders will wait for a trigger to move. If the pair fall with strong bearish momentum then the bearish trend is set to continue. However, if the pair continues moving upward and print a new higher high then the bullish movement could continue toward 164.00.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF moving upward with moderate bullish momentum today. It might be an indication of a breakout from the consolidation near 1.1200. If the pair continues moving upward then it might target the 1.1530 – 1.1600 resistance levels in the medium-long term. Traders who enter long positions could place the stop level below the previous swing low.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750