EUR/JPY

EUR/JPY smoothly continue the bullish movement and not shown any weakness yet. If the bullish situation continues without major change, then the pair will target 175.374 level. We will wait until the pair form a swing high to determine where it will move lower in a bearish correction.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00, 171.595

EUR/GBP

EUR/GBP reached the level near 0.8700 and make a bearish reversal. The pair might stall near the current level or continue the bearish movement to retest 0.8580 – 0.8600 area. However, we think the pair will continue the bullish movement to retest the upper 0.8700 – 0.8750 area.

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 bounced from the 198.00 level again and moving upward. The pair is set to test the 200.00 level and look for breakout above it. At the current time, 198.00 and the trend line is the support levels to watch. As long as the pair stay above both levels, the bullish trend still intact.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF trading below the 1.0800 level and will attempt to continue lower and test previous swing low. On the lower side, the 1.04475 is the bearish target to watch. At the current time, if the pair start a bullish correction toward 1.0800 and form bearish reaction, then traders could enter short positions.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200