EUR/JPY

EUR/JPY has not shown any major weakness which means the pair could continue the upward movement. No exact target for the current bullish movement as the pair has broken above the 148.50 – 151.50 major resistance area. If the pair start a bearish correction then traders could use the area as a place to enter more long positions.

Today’s critical levels to watch:

Support: 151.50, 148.50

Resistance: 155.00, 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP keeps making bullish attempts at the 0.8580 – 0.8600 area but no major bullish close above the area yet. At the current time, there is now a lower low printed on the chart which means there is a chance of bullish continuation. A close above 0.8600 will confirm the bullish movement. However, if the pair make another bearish reversal near the 0.8580 – 0.8600 area then the bearish trend could continue.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY hanging near the 182.45 level and attempting to break out above the resistance level. Traders who have long positions could continue to hold the positions or wait for a bearish correction toward 178.50 to add more long positions. As the pair is in a bullish trend, it is better to avoid shorting the pair until a major bearish reversal happens.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF undergo bearish correction but without major momentum movement. The pair might target the 1.1200 level or the broken trendline to find support. Traders better wait for a chance to enter long positions as the trend has turned bullish since the close above 1.1200 and a new higher high. At the current time, the pair will search for a higher low to continue the upward movement.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750