EUR/JPY

EUR/JPY extends the bullish movement and prints a new higher high on the daily chart. It seems the bullish movement will not reverse yet and it might target a new higher swing high. At the current time, traders who have no positions will stay sidelined and wait for the formation of a lower swing high to confirm the bearish reversal.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00

EUR/GBP

EUR/GBP is trading inside the 0.8580 – 0.8600 area and currently sticks near the bottom of the triangle. The pair might consolidate near the bottom of the triangle for now and traders will monitor the reactions. If the pair could bounce from the bottom of the triangle then the consolidation will continue. On the other hand, a bearish breakout and a new lower low will confirm the continuation of a bearish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is mostly higher and will target the formation of a higher swing high. The pair seems to disregard all bearish signals and will attempt to reverse the trend to bullish again. At the current time, it is nearer to the previous swing high rather than 178.50. The pair need to close below 178.50 to confirm the bearish continuation.

Today’s Critical level to watch:

Support: 182.45, 178.50

Resistance: 184.00, 186.00

GBP/CHF

GBP/CHG continues the bullish movement and soon will reach the 1.1000 resistance level. With no change to the situation, traders will wait near the resistance level for bearish reactions and a chance to enter short positions. As long as the pair continues printing new lower lows and lower highs, the situation will continue bearish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1060, 1.1100, 1.1200, 1.1530, 1.1600, 1.1750