EUR/JPY

EUR/JPY breaks loose and continues the bullish trend. There is no bearish indication as the price moves upward to target a new higher high. In the long-term, we think the pair will reach the 148.50 – 151.50 resistance area. If the pair start a bearish correction then traders could consider entering long positions near support levels.

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 is stuck near the 0.8580 – 0.8600 area but maintains the bullish pressure. The pair need to climb and print a new higher high to continue the current bullish trend. If the pair moves lower instead and print a new lower low then we might see bearish movement toward 0.8400.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY follows the EUR/JPY movement and continues upward. The pair bullish trend is set to continue above the 156.58 – 158.15 area. At the current time, a new higher low is printed at the 161.00 support level. As long as the price continues printing new higher high and higher low then the bullish trend will continue.

Today Critical level to watch:

Support: 164.00, 161.00, 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF has confirmed the bearish trend after the close below 1.2000. The pair movement might continue bearish and target a new lower low. If the pair start a bullish correction then traders will wait near 1.2000 for a chance to enter short positions. A higher high above 1.2125 will become the first indication of a bullish reversal.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125