EUR/JPY

EUR/JPY trading upward and reaching the 140.50 resistance level. The pair will test the resistance level and look for a breakout above it. If the pair get rejected then it might continue ranging between 137.40 – 140.50 level. This week’s ECB interest-rate decision might give more clues on the next direction of the Euro.

Today’s critical levels to watch:

Support: 137.40, 135.00, 134.50

Resistance: 140.50, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP extend the bullish movement above the 0.8500 level and set to target the 0.8580 – 0.8600 area. The pair is set to resume the bullish trend. However, if the pair reverse the direction and close the day below 0.8500 then the ranging movement between 0.8400 – 0.8500 will continue.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY adding more gain above the 164.00 level and looking to continue the bullish trend. Traders will maintain a bullish outlook for now and add more long positions when the pair retests the support level. At the current time, the nearest support level is 164.00.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

GBP/CHF

GBP/CHF continues the ranging movement between 1.1600 – 1.1750. The pair is mostly under bearish pressure which might lead to a bearish breakout below 1.1600. Nevertheless, traders will wait for a breakout from the range to confirm the next direction. After the breakout, traders could enter positions based on the breakout direction.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.1750, 1.2000, 1.2125