EUR/JPY

EUR/JPY resume the bullish trend without bearish correction to retest the previously broken resistance level. The pair has reached 170.00 level and no sign of weakness. Under current situation, traders will assume the pair to continue the upward movement to target the swing high at 175.374. No change to the strategy, traders will wait for bearish correction in the pair as chance to add long positions.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00

EUR/GBP

EUR/GBP turn lower after breakout from the 0.8580 – 0.8600 area. The pair is expected to continue the bullish movement to target 0.8700 – 0.8750 area. If the pair manage to reach the 0.8580 – 0.8600 area and retested it, then traders could add long positions on bullish reactions. On the lower side, a close below 0.8500 might cancel the bullish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY resume the bullish movement today and erased three days losses. The pair has returned to 198.00 level and will test it now. With the current bullish momentum, we might see a breakout soon and the pair could move to test 200.00. If there is no major change in the bullish situation, then a breakout above 200.00 might turn into long-term bullish continuation.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF bounced from the 1.0800 target level, which is normal reaction. It might be a temporary reaction before a bearish continuation. On the lower side, the previous swing low 1.06091 will become the first target. 1.04475 and 1.02419 will become the real target to watch. On the upside, 1.1060 will become the invalidation level of bearish trend.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200