EUR/JPY

EUR/JPY maintains the bullish pressure and continues moving upward. The pair currently testing the previous day’s high and will attempt to extend the bullish movement toward the 176.669 target. If the pair starts a bearish correction then traders could use 171.517 as a place to enter long positions. As long as the pair continue printing new higher highs and higher lows, there is no reason to turn bearish.

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 got rejected from the level near 0.8500 and printed a bearish close yesterday. The pair might continue the bearish movement today and target the level below 0.8400. As mentioned before, the latest bullish movement is a corrective movement and traders will wait near the resistance level for a chance to enter short positions. If the pair could climb and close above 0.8530 then the situation could turn bullish again.

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 extended the bullish movement slowly and continued printing new higher highs each day. The pair will attempt to target the 208.867 level next. If the pair start a bearish correction then traders could wait near 200.53 or 200.00 for a chance to enter long positions. On the lower side, as long as there is no new lower swing low, the pair could continue the bullish trend.

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: –

GBP/CHF

GBP/CHF extended the bullish movement inside the green box area which means there is no bearish confirmation yet. If the pair could close above the green box area then the bullish trend could continue. On the other hand, if the pair reverses downward and closes below the box area then there is a chance of bearish continuation. On the lower side, a new lower low below 1.1200 will cancel the current bullish trend.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750