EUR/JPY

EUR/JPY breakout higher and printed new higher high. The pair has confirmed a new bullish continuation leg and traders will avoid shorting the pair. 167.348 will become the support level when there is bearish correction.On the upside, 170.00 is the nearest level to watch as resistance level.

Today’s critical levels to watch:

Support: 165.00, 163.00, 160.00, 155.00, 154.00

Resistance: 166.50

EUR/GBP

EUR/GBP retesting the 0.8525 and make a bullish bounce today. The pair is on the path higher to test the 0.8580 – 0.8600 resistance area. A breakout above the area will open the path to retest the 0.8700 – 0.8750 resistance area. Under current situation, traders will use bearish correction to support level to add long positions.

Today’s critical levels to watch:

Support: 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY trading upward and looks will attempt to print new higher swing high. On the upside, the 198.00 is the resistance level to watch. We could say, the 193.50 – 198.00 range still intact and traders will wait for breakout and close outside the range to confirm the next direction.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF bearish movement paused at the moment. But, the pair is on the path lower to target 1.0800 and a new lower swing low. On the upside, 1.1060 – 1.1100 is the nearest resistance area to watch. When a breakout and close above 1.1200 happen, then the trend will turn bullish again. Without any change in the situation, we favor short positions more than long positions.

Today’s critical levels to watch:

Support: 1.1000, 1.0800, 1.0600, 1.0500

Resistance: 1.1200