EUR/JPY

EUR/JPY trading upward today and attempting to extend the bullish trend. The pair is currently above the 167.348 level and will continue upward to target 175.374 or the previous swing high. If the pair turn lower, then traders could use the 167.348 as a place to add long positions when there are bullish reactions.

Today’s critical levels to watch:

Support: 166.50, 165.00, 163.00

Resistance: 170.00

EUR/GBP

EUR/GBP bounced from the 0.8500 – 0.8525 area and is set to continue the bullish trend. On the upside, 0.8580 – 0.8600 is the nearest resistance area to watch. In the medium-long term, we expect the pair to reach 0.8700 – 0.8750 area. However, if the pair turn lower and close below 0.8500, then the bullish trend will be delayed.

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 extending the bullish movement today and printed new higher high. However, the pair looks losing the bullish pressure and trade back near its opening level. At the current time, the pair is trading not far from the 198.00 and might stick near the level. On the upside, 200.00 is the nearest major resistance level to watch. If there is no major bearish reactions, then we expect a breakout above the level.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF mostly stable and not continuing the bearish trend yet. The pair trend is bearish and we expect a bearish continuation to target the 1.0800 level and new lower swing low. On the upside, a close above 1.1100 will cancel the current bearish outlook. If there is no change to the bearish situation, then we expect a bearish breakout will happen soon.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200