EUR/JPY

123.30 providing EUR/JPY with bullish pressure after the retest. The pair printed higher high above Tuesday high and set to continue upward to target 125.00. Under the current situation, traders who have long positions could continue to hold positions while avoiding taking short positions. Short positions will become possible when there is a major bearish pattern formed.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00

EUR/GBP

EUR/GBP is under pressure and soon might reach 0.9000 support level. We have a triangle pattern formed and as long as the pair stays above 0.9000 or the trendline then the pair has a chance to extend its bullish trend. A bullish breakout will have 0.93000 as an upward target.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

A bullish continuation happened in GBP/JPY as the pair launch above 135.00 – 136.00 area. It is confirmed that the medium-long-term trend has changed to bullish. Traders could use the bearish correction in the pair to enter long positions.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

The bull is gaining against the bear in GBP/CHF. The pair climbed above 1.1870 and testing the Wednesday high. No breakout above the high yet but the pair opened the chance to continue its upward movement toward 1.2000. At the current time, traders could use 1.1870 as the level to take long positions with a stop below 1.1750.

Today critical levels to watch:

Support: 1.1750, 1.1730, 1.1700, 1.1500

Resistance: 1.1867, 1.2000