EUR/JPY

EUR/JPY continue trading upward and now showing major bearish sign yet. The pair is currently trading near the 170.00 level and will attempt to extend the bullish movement toward 171.595. If there is no major bearish reactions, we might see the pair reach the target next week. On the other hand, if bearish correction happen, then the pair will retest 167.348 also the trend line. Traders will use 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, 171.595

EUR/GBP

EUR/GBP closed lower yesterday but maintain the position above 0.8580 – 0.8600 area. The pair does not continue the bearish movement and start moving upward again. At the current time, the pair is not far from erasing all of previous day’s loss. On the upside, we expect the pair to continue the bullish movement to target 0.8700 – 0.8750 area.

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 bounced from the trend line and closed the day near 198.00 resistance level. The pair will continue to test the resistance level and attempt to breakout higher. As the low getting higher, we expect the consolidation will continue for now and eventually breakout higher. On the upside, 200.00 will become the major resistance level to watch.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF bounced from the 1.0800 support level which might be a temporary profit-taking reaction. The pair looks under bearish pressure again today and will continue test the support level. If the pair breakout lower, then it will target the swing low at 1.06091. On the lower side, 1.04475 is the bearish target to watch for the current bearish movement.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200