EUR/JPY

EUR/JPY moving further upward again today with a new higher high. The pair seems will continue the bullish movement and target the 176.66 resistance level. Without any major change in the situation, traders who has long positions since the previous swing low will continue to hold the positions for now. On the lower side, 171.51 and 170.00 are the support levels to watch when a bearish correction happens.

Today’s critical levels to watch:

Support: 171.51, 170.00

Resistance: 176.66

EUR/GBP

EUR/GBP made two bullish closes this week but stayed below the previous week’s low. The pair might resume the bearish movement to target the 0.8400 support level. If the pair manages to print a new lower swing low then the bearish trend will continue. On the upside, the pair needs to print a close above 0.8530 to confirm a long-term bullish reversal.

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 continues moving bullishly, the same as the EUR/JPY situation. No change to the bullish situation as the pair continues printing new higher highs. It is better to await for bearish correction in the pair toward support levels. When the pair starts a bearish correction, 200.50 and 200.00 are the support levels to watch for a test. On the upside, 208.86 is the bullish target to watch.

Today’s Critical level to watch:

Support: 200.50, 200.00, 198.00, 193.50, 190.00

Resistance: 208.86

GBP/CHF

GBP/CHF is mostly sideways near the top of the green box area. The pair will continue trading sideways for now and traders will wait for further reactions. If the pair turn lower and close below the green box area then the bearish trend will continue. On the other hand, a close above the green box area with strong bullish momentum will confirm the continuation of the bullish trend.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750