EUR/JPY

EUR/JPY is testing the top trend line and might break out and continue the bullish trend. However, at the current time, traders will wait until a clean breakout happen before confirming that the bullish trend will continue. If a bearish rejection happens, then the pair will continue the ranging movement inside the triangle area.

Today’s critical levels to watch:

Support: 163.00, 160.00, 155.00, 154.00

Resistance: 165.00

EUR/GBP

EUR/GBP mostly sideways inside the 0.8400 – 0.8430 area. No breakout and close outside the range yet, which mean the trend will continue sideways. The same as before, traders will wait until the pair breakout and close outside the range to confirm the next direction. Will the pair move upward and climb above the trend line to return to bullish trend? Alternatively, will it breakout lower, print new lower swing low to continue the bearish trend?

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8430, 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY situation is the same as EUR/JPY, where it is testing the top trend line and looking for breakout. If the pair could break out and close above the trend line, then it will continue upward to test the 198.00 level. At the current time, it might be better to wait until the close of trading days or close outside the range to confirm the next direction.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF is consolidating between 1.1060 – 1.1200 area and no indication of breakout yet. When the pair breakout and close outside the range, traders will get confirmation on the next direction. Under current situation, traders better wait until actual breakout and close outside the range happen to confirm the next direction.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0600, 1.0500

Resistance: 1.1200,