EUR/JPY

EUR/JPY has printed a new higher swing high and currently might start a bearish correction. The pair will target the 151.50 support level and traders will monitor the pair reactions near it. If the pair could bounce from the level then traders could enter long positions. Traders could use the 148.50 – 151.50 area to enter more 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 shows a bullish reaction and start moving upward today with moderate bullish momentum. The pair reached the 0.8580 – 0.8600 area and there are bearish reactions. The bearish reaction might be a bearish continuation confirmation and traders who enter short positions near the area will hold the positions and monitor the pair’s next reaction. If the pair continue lower and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY reached the level near the second Fibonacci extension level. The pair looks started a bearish correction and will look for a support level. On the lower side, 178.50 is the level to watch as the support level. Traders will monitor the pair reactions near it. Even though the pair continue moving lower below 178.50, as long as there is no lower low on the chart then the pair could continue the bullish trend.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is mostly higher and getting near the 1.1530 – 1.1600 area. Traders who have entered long positions near the 1.1200 or the trendline will continue holding the positions now. As long as the pair continue printing new higher high and higher low, traders will assume the bullish trend will continue.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750