EUR/JPY

EUR/JPY opened the week with moving lower. The trend is bullish, and the pair has printed a new higher swing high. If the pair trading lower, then traders could use it as a chance to add long positions. On the lower side, 165.00 – 167.348 is the area to watch. We could say, as long as the pair stay above the trend line, the bullish trend will continue.

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 and looks will continue the bullish movement to target 0.8580 – 0.8600. We maintain the bullish outlook and expect the pair to continue the upward movement to target 0.8700 – 0.8750 area. If the pair turn lower again, then 0.8500 – 0.8525 will become the area to watch for long positions.

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 pushed lower today below the 198.00 level and looks will retest the trend line. If the pair could maintain the position above both levels, then the bullish trend could immediately continue. On the other hand, if the pair continue moving lower, then the area between 196.50 – 197.00 will become the initial focus for bounce.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF slowly moving lower with lower high and similar low. The bear still in control, and it might break out lower either after bullish fake out or without it. We maintain bearish outlook and see 1.0800 target also new lower swing low. However, if the pair manage to reverse the direction and close above 1.1200 then the trend will turn bullish.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200