EUR/JPY

EUR/JPY is mostly bullish and there is no sign of bearish correction yet. The pair could just continue moving upward and ignore any bearish sign. Traders will wait for the pair to make a bearish correction to enter at a lower level. At the current time, traders who have entered long positions near the previous support level could continue to hold the positions and move the stop level upward. 155.00 might be the round number to watch when a bearish correction happens.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP reclaimed the 0.8580 – 0.8600 area and will attempt to bounce upward from it. If the pair successfully bounce with strong bullish momentum then we might have a bullish reversal pattern. However, if the pair start moving lower again and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 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 trend and disregard any bearish sign. When the pair start a bearish correction, traders could use the chance to enter long positions at a lower level. On the lower side, 178.50 might be the support level to watch for bullish reactions.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is searching for the bottom to form a higher low on the daily chart. When the pair could form a higher low then the bullish movement could continue toward the 1.1530 – 1.1600 area. Traders will use the bearish correction as a chance to enter more long positions. However, if the pair continue the bearish movement and close below 1.1200 then the trend might turn bearish again.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750