EUR/JPY

EUR/JPY maintains the position above the 140.50 support level and currently building more bullish pressure. The pair will attempt to extend the bullish movement to target a new higher high. However, if the pair move lower again with strong bearish momentum then the bearish trend could continue to target the 134.50 – 135.00 support 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 move lower again to test the 0.8700 – 0.8750 area. However, the pair make a bullish reaction today and might start a new bullish leg. If the pair starts moving upward then it will target the 0.8900 and 0.9000 resistance levels. As long as there is no new lower low printed on the chart, the pair could continue the bullish leg.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY hanging near the 30-day high and will attempt to extend the bullish movement. The pair has formed a double bottom pattern around the 156.58 level. As long as there is no new lower low printed on the chart, the pair could start moving upward again. A close below 153.50 is a major bearish confirmation and traders might want to scale out off long positions when it happens.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF slowly moving upward and might reach the 1.1530 – 1.1600 area. The pair’s next direction will be determined by the formation of a new higher high or lower low. It is better to stay sideline for now or apply a range trading strategy until a breakout happens.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750