EUR/JPY

EUR/JPY moving upward with strong bullish momentum and continues the bullish trend. The pair might continue the upward movement and target the 176.669 level. If the pair starts a bearish correction then traders could use it as a chance to add long positions. As long as the pair continue the bullish movement, it is better to avoid shorting it.

Today’s critical levels to watch:

Support: 167.14, 165.81, 163.00, 162.00, 160.00

Resistance: 170.00, 171.51

EUR/GBP

EUR/GBP continued the bullish correction and almost reached the 0.8500 – 0.8530 area. As mentioned before, traders will wait for reactions near the area. If the pair gets rejected with strong bearish reactions then traders could enter short positions targeting a new lower swing low. On the upside, a close above the green box area will confirm trend change from bearish to bullish.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY continues the bullish movement and prints another higher high. The bullish trend will continue and traders who already have long positions since the previous swing low will continue to hold the positions. A breakout and close below the 198.00 might become the confirmation of a bearish reversal. In the current situation, traders will continue to hold long positions and avoid shorting the pair.

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: –

GBP/CHF

GBP/CHF reached the green box area and extended the bullish movement today. The pair is moving inside the green box area now and will attempt to close above it. If the pair manage to close above the green box area then the bullish trend could continue. On the other hand, if the pair reverse downside and close below the box area then we might see a bearish continuation to target the level below 1.1200.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750