EUR/JPY

The chart is clearly bullish and telling us not to short it yet. The pair could continue moving upward as it prints new higher highs and higher lows. If a bearish correction happens, then it is a chance for traders to enter long positions. Without any change in the situation, the pair could target the 175.374 level.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00, 171.595

EUR/GBP

EUR/GBP return to the 0.8700 – 0.8750 resistance area and will test it soon. A breakout above the level will open the path toward 0.8920 and 0.9000. The 0.86687 breakout level will act as support level now when a bearish pullback happens. No change to the situation, we will monitor the pair reactions near 0.8700 – 0.8750 and determine what to do next.

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 got rejected from the 200.00 level and slowly turn lower now. The pair is supported by the 198.00 level, but it might break out and attempt to move further lower. The overall weakness, mostly contributed by weakness in GBP and weakness in JPY (GBP weaker). Traders could use the 198.00 level and the trend line as a place to enter long positions when there are bullish reactions.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF breakout below 1.0800 and continue the bearish trend. It seems the pair will continue lower to retest the previous swing low and target the 1.04475 level. On the upside, 1.0800 will become a resistance level to limit upward movement now. Traders who has short positions will place stop order above 1.08929.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200