EUR/JPY

EUR/JPY continue the bullish movement as it has broken from the resistance level (October ’24 High). The pair will move upward and target 2024 high now. If there is bearish correction in the pair, then traders will use it as a chance to enter long positions. 166.63 or Oct’24 high will become the major support level to watch.

Today’s critical levels to watch:

Support: 165.00, 163.00, 160.00, 155.00, 154.00

Resistance: 166.50

EUR/GBP

EUR/GBP slowly moving upward above the 0.8500 – 0.8525 area. The pair is getting near the 0.8580 – 0.8600 area and will test it soon. On the upside, a retest on the 0.8700 – 0.8750 will become the main target of the current bullish movement. If the pair close below 0.8500, then it might turn bearish again for medium-term.

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 is testing the 198.00 resistance level today. As mentioned before, the pair is trading inside the 193.50 – 198.00 area and will wait for close outside the range. When the pair breakout and close outside the range, traders will get confirmation on 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 slowly moving lower after the breakout from 1.1060 level. We have 1.08000 as bearish target to watch. If the pair moving upward, then the 1.1060 – 1.1100 is the area to watch as resistance level. As long as the pair move lower and print new lower swing low and lower swing high, then it is better to stick with short positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200