EUR/JPY

EUR/JPY continue the climb, printing new higher high and will target the 175.374 level. Traders could wait for a bearish correction in the pair to enter long positions. Otherwise, keep stay sideline for now or look for long positions in lower time-frame with tight stop order. On the lower side, 170.00 might become the target for bearish correction.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP extend the bullish movement and soon will test the 0.8750 level. As the pair is trending upward and on the verge of printing a new higher swing high, traders better avoid shorting. Or at least wait until the pair loss the bullish pressure. Will the pair immediately breakout above the 0.8700 – 0.8750 area? Alternatively, will it stall and consolidate between 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 take a bearish turn again and looks pressuring on the 198.00 level and the trend line. For now, the pair manage to maintain the position above both support level. If the pair could immediately bounce upward and breakout above 200.00, then the bullish trend could continue. On the other hand, if the pair breakout lower, then the trend might turn bearish.

Today’s Critical level to watch:

Support: 195.00, 193.50, 190.00, 188.00

Resistance: 198.00, 200.00

GBP/CHF

GBP/CHF resume the bearish trend and print new lower low today. The pair will target the 1.06091 level and attempt to break below it. On the lower side, 1.04475 will become the bearish target to watch. On the upside, a close above 1.0800 might turn the trend bullish for short-medium term.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200