EUR/JPY

EUR/JPY launched upward after the bounce from the 151.50 support level. The bullish pressure continues to build up and the pair set to print a new higher swing high. Traders who enter long positions during the bearish correction will continue to hold the positions now. If the pair start another bearish correction then traders could wait near the 154.00 – 155.00 area for a chance to add more long positions.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP hanging near the 0.8580 – 0.8600 area after the bearish movement last week. The pair will continue consolidating near the area for now and traders will wait for further reactions. If the pair get rejected and continue the bearish movement then traders will expect another attempt to print a lower swing low. On the other hand, a close above 0.8600 could turn the trend bullish.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY is mostly higher and trading above the 182.45 level now. The pair direction will continue bullish and will attempt to print a new higher swing high. If the pair could maintain the bullish pressure and close above 182.45 then the upward movement could continue. On the other hand, failure to close above 182.45 might bring the pair back to consolidation between 178.50 – 182.45.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF trading upward and reaching the 1.1200 level today. The pair will continue testing the level and waiting for reactions. If the pair get rejected from the resistance level then traders could expect a bearish continuation to target a new lower low. On the other hand, a close above 1.1200 could signal a bullish continuation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750