EUR/JPY

EUR/JPY turn higher again today, erasing previous day’s loss. The pair bullish trend has not weakened yet as it continue climbing upward. No change to enter long positions now, until the pair make a bearish correction toward the trend line or previously broken swing high. If there is no major bearish movement, the pair might continue upward slowly to the 175.374 target.

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 there is no sign of breakout from the range yet. The pair might keep continuing the consolidation until the weekly close. We still think the pair will resume the bullish movement to target 0.8700 – 0.8750 area. On the lower side, 0.8500 – 0.8525 is the support area to watch if bearish breakout happen.

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 moving upward and is set to test the 200.00 level. If there is no change to the bullish situation, then the pair might break out above the 200.00 handle soon. On the lower side, the 198.00 level and the trend line will act as support level for the current bullish movement. As long as there is no breakout below both levels, traders will continue to assume the bullish trend will continue.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF on the verge of bearish breakout below 1.0800. The question is whether it will turn into a fake breakout or bearish continuation. Traders who has short positions from the 1.1060 – 1.1200 area will continue to hold the positions with stop above 1.1100. If the pair make a strong bullish bounce and close above 1.090 then there is a chance that the trend will reverse for short-term.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200