EUR/JPY

EUR/JPY has broken out above the 148.50 – 151.50 area or the long-term resistance area. It is the first time since 2008 and the pair could continue the bullish trend now. If the pair start a bearish correction then traders could use the 148.50 – 151.50 area as the place to enter more long positions. On the upside, 162.87 and 171.00 will become the bullish target to watch for the long term.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP resuming the bearish trend with a new lower low on the chart. There is no reason to turn bullish and traders who have entered short positions near the resistance level will ride the bearish movement lower. On the lower side, 0.8400 will become the support level to watch.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY is unstoppable as the pair continues moving upward after the first target hit. The pair are now set to target the 182.45 level and test it. No clue when the pair will make a bearish correction. Traders who have long positions from the support level will continue to hold the positions and move stop level below 172.00 or 175.00 in case of a trend change.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF comfortably moved upward after the bounce from the trendline. The pair getting near the 1.1530 – 1.1600 resistance area and soon will reach it. The trend has turned bullish which means traders will continue to hold long positions and enter more positions when a bearish correction happens. On the upside, a breakout above 1.1530 – 1.1600 is highly probable, and 1.1750 will become the next target.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750