EUR/JPY

EUR/JPY breakout above the 151.50 resistance level which means the bullish trend will continue. No bullish target to watch, traders could continue to ride the currently bullish movement and use each bearish correction as a chance to add more long positions. On the lower side, 151.50 will become the support level to watch when a bearish correction happens.

Today’s critical levels to watch:

Support: 148.50, 145.00, 142.75, 140.50

Resistance: 151.50

EUR/GBP

EUR/GBP is at risk of bearish continuation to print a new lower low. The pair has failed to print a bullish close above 0.8600. There is a bullish reaction today but it might be a temporary reaction before further downside in the pair. Traders might want to stay sideline and wait for the pair to print another lower low to confirm the bearish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY immediately reached the Fibonacci extension level at 178.50. The pair might continue moving bullishly without any bearish correction and target the 182.45 level next. If the pair start a bearish correction then traders will wait near the support level for a chance to enter long positions. We think the 175.00 round number might become the support level to watch.

Today’s Critical level to watch:

Support: 172.00, 170.00, 168.50

Resistance: 178.50, 182.45

GBP/CHF

GBP/CHF attempting to add more bullish movement today but the pair seems losing upward pressure. At the current time, the pair is trading near the opening level and might close the day near it. Nevertheless, we think the pair trend has turned bullish and the pair could continue moving upward to target the 1.1530 – 1.1600 area. When a bearish correction happens, traders will wait for a chance to enter long positions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750