EUR/JPY

EUR/JPY pushed lower today and bounced from the broken trend line. The pair maintain the bullish pressure and might attempt to extend the movement toward 167.358. As the pair continue moving upward, traders will wait for resistance test and the reactions. If the pair could break out higher, then the bullish trend could continue. On the other hand, if the pair pushed lower below the trend line, then we might see more consolidation.

Today’s critical levels to watch:

Support: 165.00, 163.00, 160.00, 155.00, 154.00

Resistance: 166.50

EUR/GBP

EUR/GBP is testing the 0.8500 – 0.8525 resistance area for now. The pair is looking to breakout higher and continue the bullish movement toward 0.8700 – 0.8750 area. Traders who has long positions from the 0.8400 – 0.8430 area will continue hold the positions for now.

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 is in heavy sideways situation, a breakout happened below the triangle area. But, the pair immediately stage bullish recovery and currently trading above the opening level. It might be a signal for bullish breakout next week. However, the sideways situation could go anyway it wants. Traders better wait for better confirmation to entr positions.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF fell with strong bearish momentum today, resuming the bearish trend. However, the bearish situation did not last and the pair staged a recovery. It is not far from the opening level now, and might close the day near it. The situation is bearish, but if the bull regains more momentum next week, then there is a chance of failed bearish continuation.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0600, 1.0500

Resistance: 1.1200