EUR/JPY

EUR/JPY will continue upward to target a new higher swing high. There is no change to the situation yet, no major bearish movement toward the Fibonacci Retracement, and no lower low. If the pair could print a new higher swing high on the chart then the bullish trend could continue. On the other hand, if the pair fails to print a higher swing high and starts moving lower to print a new lower swing low, the trend will turn bearish.

Today’s critical levels to watch:

Support: 167.14, 165.81, 163.00, 162.00, 160.00

Resistance: 170.00, 171.51

EUR/GBP

EUR/GBP gaining from the 0.8400 support level but experienced bearish pressure today. Fortunately, the bearish pressure subsides and the pair currently trading near the opening level. It seems the bullish correction will continue toward the 0.8500 – 0.8530 area and traders will observe the pair reactions for now. When the pair reach the resistance area and form bearish reactions, traders could enter short positions.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY slowly moving upward again and will attempt to print a new higher swing high. There is no change to the bullish trend yet and traders who hold long positions will continue to maintain the positions with a stop below 198.00. If the pair turns lower and closes below 198.00 then there is a chance of a bearish reversal.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF bounced from the 1.1200 – 1.1225 area today but the pair seems losing upward pressure. The pair might consolidate near the area for now as previous analysis. Traders will wait for the pair reactions near the area. If the pair could bounce upward with strong bullish momentum then there is a chance of bullish correction toward the green box area.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750