EUR/JPY

EUR/JPY extending the bullish movement and almost reached the 161.8% Fibonacci Extension level target. The pair might experience rejection near the level and start a bearish correction. However, there is chance of no major bearish correction and the pair continue upward to target the 175.374 swing high. If the pair start a bearish correction, then traders could wait near support level for a chance to enter long positions.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00, 171.595

EUR/GBP

EUR/GBP is consolidating near the 0.8580 – 0.8600 area and looking for bounce from it. The pair still in bullish scenario toward the 0.8700 – 0.8750. However, if the pair breakout lower, then 0.8500 – 0.8525 might become the target again. Under current situation, traders could continue to use the 0.8580 – 0.8600 area as place to add long positions with tight stop.

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 breakout above 198.00 level with strong bullish momentum today. The pair will attempt to extend the upward movement to test 200.00 level soon. If there is no change to the situation, then the bullish trend will continue for long-term. On the lower side, as long as there is no new lower swing low, it is better to avoid shorting the pair.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF has reached the 1.0800 support level and currently consolidating near it. No bearish continuation yet, but it might happen after this week U.S. tariff deadline announcement. If there is no extension of deadline, then we expect a major breakout below 1.0800. However, if the situation continues uncertain without clear update, then the pair might consolidate near 1.0800 with chance of bullish correction.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200