EUR/JPY

EUR/JPY made strong bullish close near the high and it seems will attempt to continue the bullish movement. On the upside, 186.275 is the next target to watch. On the lower side, 182.725 is the new swing low or invalidation level for the current bullish trend. Traders who hold long positions will place stop order below the swing low.

Today’s critical levels to watch:

Support: 182.583, 182.00, 180.54, 180.00

Resistance: 183.40, 185.84

EUR/GBP

EUR/GBP experience rejection at the 0.8750 level as expected, where it might become the confirmation of bearish continuation. Traders who enter short positions near the level will place stop order above the candlestick high or near break-even level. On the lower side, 0.86145 & 0.8580 – 0.8600 area are the targets to watch.

Today’s critical levels to watch:

Support: 0.8700, 0.8600

Resistance: 0.8750, 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY maintain the position after initial bearish pressure today. The pair looks will close the day near the opening level and attempt to extend the bullish trend to target 214.965 – 215.00 area. If the pair move lower and close below 210.672 then the trend might reverse.

Today’s Critical level to watch:

Support: 211.50, 210.00, 208.00, 207.00

Resistance: 214.965

GBP/CHF

GBP/CHF made a dramatic comeback above the 1.066 after yesterday selling. It is a piercing line pattern which is bullish, and we could say a fake breakout has happened. If the pair immediately resume upward movement and confirm the pattern, then we could expect another test on 1.0800.

Today’s critical levels to watch:

Support: 1.0660, 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200