EUR/JPY

EUR/JPY continues the upward movement with strong bullish momentum today. The pair soon will reach the 151.50 resistance level to test it. If the pair could print a new higher high then the bullish movement will continue. On the other hand, if the pair turn lower with strong bearish reactions then there is a chance of a bearish reversal below 148.50.

Today’s critical levels to watch:

Support: 148.50, 145.00, 142.75, 140.50

Resistance: 151.50

EUR/GBP

EUR/GBP made a bullish close inside the 0.8580 – 0.8600 yesterday which could reverse the trend. However, the pair could not resume the bullish movement today and experienced major bearish pressure. At the current time, the pair almost erase all of its gains yesterday. Will the pair continue the bearish movement and print a new lower low? Alternatively, will it close above 0.8600 to cancel the bearish outlook?

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY printed a new higher high today which confirms bullish continuation. The pair moving upward with strong bullish momentum and might continue the bullish movement for a few more days. On the upside, 178.50 might be the resistance level to watch based on the Fibonacci Retracement levels. When the pair start a bearish correction, traders will wait near the support level for a chance to enter long positions.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF building more bullish pressure after the breakout and bouncing from the trendline. The pair now could continue the upward movement to target the 1.1530 – 1.1600 area. Without any new lower low printed on the chart, it is better to avoid shorting the pair. A close below 1.1200 might become the bearish confirmation to watch for a bearish reversal.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750