EUR/JPY

EUR/JPY pushed lower from the top but the bearish pressure has receded and currently, the pair is trading upward. No lower low printed which means the bullish trend will continue. Traders will continue to stick with long positions and wait for bearish correction for a chance to enter more long positions. On the upside, 148.50 – 151.50 is the area to watch as a target.

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 managed to maintain the level near 0.8580 – 0.8600. There is no major bearish close below the level which means the bullish trend could continue. As long as the pair continue printing higher high and higher low, there is no reason for traders to enter short positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY started a bearish correction with 164.00 as a target. The pair reverse the direction before it could reach the level. At the current time, the pair might attempt to continue the bullish trend and target a new higher high on the chart. Traders will continue waiting for a bearish correction toward the support level to enter long positions.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF trend is bearish and the pair currently trading below 1.1750. The only trade traders could take is short positions near the resistance level. At the current time, the nearest resistance level to watch is 1.1870 and 1.2000. Long positions are not suggested as long as the pair continue printing lower low and lower high.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125