EUR/JPY

EUR/JPY hanging near the top and there is no sign of weakness yet. The pair could just continue the bullish movement to target the 176.669 level. If the pair starts a bearish correction then it is a chance for traders to enter more long positions near support levels. As long as the pair continue printing new higher highs and higher lows, the trend will continue bullish.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP opened lower in today’s trading session and in line with the bearish continuation toward 0.8400. The pair got rejected from the level near 0.8500 and now is expected to resume the bearish trend. If the pair managed to print a new lower swing low below 0.8400 then the bearish trend will continue. On the other hand, if the pair manages to bounce from 0.8400 and close above 0.8530 then the trend will 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 is mostly bullish without any sign of weakness. The pair will attempt to continue the bullish movement toward the 208.867 level. Similar to the EUR/JPY situation, if the pair starts a bearish correction then 200.53 is the support level to watch for bullish reactions. When there are bullish reactions, traders could enter long positions targeting a new higher swing high.

Today’s Critical level to watch:

Support: 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF is contained within the green box area which means there is no bullish confirmation yet. The pair seems open lower in today’s trading session which might confirm either a bearish continuation or consolidation inside the green box area. Traders will monitor the pair movement inside the green box area for now. A close outside of the area will confirm the pair’s next direction.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750