EUR/JPY

EUR/JPY maintains the bullish pressure and the situation is unchanged. The pair could continue the bullish movement to target the 176.66 resistance level. If the pair start a bearish correction then 171.50 and 170.00 are the support levels to watch for bullish reactions. Traders will continue to maintain a bullish outlook and await for bearish correction to add more long positions.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP bearish pressure receded yesterday and the pair looks attempting to move upward again. If the pair could move upward then the 0.8500 – 0.8530 is the resistance area to watch. Despite the bullish build-up, we think the pair might reverse bearish and start another bearish leg to target the level below 0.8400. However, if the pair could close above 0.8530 then the trend might turn 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 situation is the same as EUR/JPY, the pair could continue the bullish movement to target the 208.86 level. If the pair starts a bearish correction then it is a chance for traders to add long positions at a lower level. On the lower side, 200.50 and 200.00 are the levels to watch as a bearish target. A close below 198.00 might become a major bearish continuation confirmation.

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF printed a bearish pin bar pattern after a bullish attempt above the green box area. It is a bearish confirmation but the pair needs to break out below the candlestick low. On the lower side, a close below the green box area will become a bearish continuation confirmation. There is a probability the pair might consolidate inside the green box area before confirming the next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750