EUR/JPY

EUR/JPY fell toward the 140.50 support level and managed to hold out above it. The pair show a bullish reactions today though weak. Traders could use the support level as a place to enter long positions. A major bullish bounce from the level might confirm the continuation of the long-term bullish trend.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP moving wildly up and down near the 0.8580 – 0.8600 level. The pair might continue trading near the level now while waiting for a trigger to move. As long as the pair continue printing higher high and higher low, the trend will continue to be bullish. We still think the pair could continue the bullish movement and target the level above 0.8700.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY made a bearish close with strong momentum last week. The pair managed to recover part of the losses and closed near the 164.00 level. There is a bullish attempt that brings the pair above 164.00 today. Will the pair continue to build bullish pressure and continue the upward movement?

At the current time, there is no lower low printed on the chart which means the bullish trend is still intact.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF has reached the 1.1600 support level and currently trading near it. The pair might start a bullish correction toward the 1.1750 resistance level. Traders will use the level as a place to enter short positions when there are major bearish reactions. It is better to stick with short positions as the trend is bearish.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125