EUR/JPY

EUR/JPY return above the 140.50 level and will attempt to extend the upward movement to print a new higher high. If a new higher high is printed then traders will expect a new higher low around 140.00 – 140.50. On the other hand, if the pair start moving lower again with strong bearish momentum then we might see a continuation toward the 134.50 – 135.00 area.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP bearish pressure receded and the pair manage to maintain a position above 0.8750. If the pair could bounce from the level then we might see an upward continuation toward the 0.8900 and 0.9000 resistance levels. Traders could enter long positions with stops below 0.8700 or the previous swing low.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY bounced from the 156.58 level and currently trading near 161.00. Will the pair print a new higher high to continue the upward movement? Alternatively, will the pair start moving lower again, a breakout below 156.58 to resume the bearish trend?

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF keeps moving upward after the bounce from the 1.1200 support level. Although the upward movement is without strong momentum, we might expect the pair to reach the 1.1530 – 1.1600 area in the future. The pair needs to close above 1.1600 to confirm a bullish continuation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750