EUR/JPY

EUR/JPY bullish momentum has not receded yet as the pair continue trading upward. The pair could continue the upward movement and traders better avoid shorting the pair. We will wait for a bearish correction to target a support level before a bullish continuation. Traders will wait near the support level for a chance to enter long positions.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP is on the path lower and there is no major bullish reversal sign yet. The pair will continue moving bearishly and traders will wait for a bullish correction to enter short positions. On the upside, 0.8580 – 0.8600 is the area to watch for a bearish reversal when a bullish correction happens.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY continues the upward movement and almost reaches the 182.45 target level. The pair is in a full-blown bullish leg and there is no sign of weakness yet. It might reach the target and continue the upward movement without any bearish correction. However, if a bearish correction occurs then traders could use the chance to enter long positions near the support level.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is continuing the bullish movement toward the 1.1530 – 1.1600 resistance area. The pair might reach the resistance area soon and traders will wait for reactions near it. If the pair start a bearish correction then traders will wait for the pair to form a higher low to confirm a bullish continuation. The previous swing high was around 1.1400 will become the support level to watch when a bearish correction happens.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750