EUR/JPY

EUR/JPY bearish correction almost reached the 137.40 support level yesterday. There is no bearish continuation in today’s trading session, the pair continue climbing above 140.50 instead. If the pair could maintain the bullish pressure and close above 140.50 then we might see a bullish continuation in next week’s trading session.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP made another bearish close below the 0.8580 – 0.8600 area. Despite the bearish situation, we could regard the movement as a healthy correction as there is no lower low printed. If the pair could continue to maintain the position and avoid a new lower low then traders will expect further bullish continuation.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY bounced from the 161.00 support level and there is bullish follow-through in today’s trading session. The pair currently trading above 165.00 and will attempt to continue higher to print a new higher swing high. There is no change to the bullish trend of the pair yet. If the pair make another bearish correction then traders could use the moment as a chance to enter long positions near support levels.

Today Critical level to watch:

Support: 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF finally broke below 1.2000 with strong bearish momentum and the pair continues the bearish movement today. There is no bullish reaction which means it’s time to open a higher time-frame chart to determine where the pair might stop moving lower. On the higher time-frame chart, 1.1600 might become the place where a bullish reaction happens.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125