EUR/JPY

EUR/JPY continue the upward movement, conversely to what happen in USD/JPY and GBP/JPY. If there is no change to the bullish situation, then the pair could reach the 167.38 level or higher before starting a bearish pullback. On the lower side, the broken trend line is the place to look for long positions when retest happen.

Today’s critical levels to watch:

Support: 165.00, 163.00, 160.00, 155.00, 154.00

Resistance: 166.50

EUR/GBP

EUR/GBP also continue the bluish movement and managed to surpass 0.8525 today. However, the bear returning to the market and push the pair below the resistance level. The pair might settle between 0.8500 – 0.8525 and made another bullish attempt. If the pair could continue the upward movement, then 0.8700 – 0.8750 is the target to watch.

Today’s critical levels to watch:

Support: 0.8430, 0.8400, 0.8325

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

GBP/JPY

GBP/JPY sideways situation continue today as there is no breakout from the triangle pattern yet. Traders will continue to wait for breakout and close outside the range, which could happen anytime now. When the pair breakout and close outside the range with strong momentum, traders will get confirmation on 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 give a bearish breakout confirmation today with moderate momentum. The pair might have finally confirmed a bearish continuation to target 1.0800 and lower. Traders who has short positions will place stop order above 1.1200. Despite the breakout, the situation could change drastically depend on next week FOMC meeting.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0600, 1.0500

Resistance: 1.1200