EUR/JPY

EUR/JPY hanging near the high and might continue the bullish trend. If the pair start a bearish correction then traders could wait near the 148.50 – 151.50 area for a chance to enter long positions. As mentioned before, it is better to avoid short positions as the overall trend is bullish. The pair might continue moving upward without any major bearish correction.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP bullish attempt halted at the 0.8580 – 0.8600 resistance area. The pair looks under pressure last week but this week there is no confirmation yet where the pair will move next. At the current time, the pair might continue to consolidate near the 0.8580 – 0.8600 area and traders will wait for further confirmation.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY stick near the 182.45 resistance level and might continue consolidating near it. The pair’s next direction will wait for further confirmation. If the pair start a bearish correction then traders could use the 178.50 level as a place to enter long positions. Without any major bearish reaction, it is better to avoid shorting the pair.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF fall sharply in early trading today. However, the bearish pressure has receded and the pair start a recovery toward the opening level. If the pair could close near the opening level then there is a chance of bullish continuation toward the 1.1530 – 1.1600. On the other hand, if the pair continue the bearish correction then 1.1200 level is the place to look for long positions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750