EUR/JPY

EUR/JPY extends the bullish movement and soon will test the previous swing high. If the pair could break out and print a new higher swing high then the bullish trend will continue. On the lower side, if the pair starts a bearish correction then traders could wait near support levels for a chance to enter long positions. As long as there is no lower low printed on the chart, the bullish trend will continue.

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 continues the bullish correction and will target the 0.8580 – 0.8600 area. The pair managed to print a new higher high but pushed below yesterday’s high. Will the pair manage to reach the 0.8580 – 0.8600 area? Alternatively, will it resume the bearish trend from the current level and target a new lower swing low below 0.8400?

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 managed to print a new higher swing high which means the bullish trend will continue and there is no sign of a bearish reversal yet. Under the current situation, traders will wait for a bearish correction toward the support level for a chance to enter long positions. 200.00 handle might become the major support level when a bearish correction happens.

Today’s Critical level to watch:

Support: 198.00, 193.50, 190.00

Resistance: 200.00

GBP/CHF

GBP/CHF on the path upward to test the green box area. Traders will monitor the pair reactions near the box area. If the pair form a major bearish reaction then the bearish trend will continue. on the lower side, a breakout and close below 1.1200 – 1.1225 is a major bearish confirmation. On the upside, a close above the green box area will overturn the current bearish trend and turn it into bullish again.

Today’s critical levels to watch:

Support: 1.1225, 1.1200

Resistance: 1.1360, 1.1530, 1.1600, 1.1750