EUR/JPY

EUR/JPY made a bearish pullback yesterday and almost reached the 38.2% retracement level. The pair show bullish reactions today and start moving upward. If the bullish movement could surpass yesterday’s high then the bearish movement is only a temporary movement before further upside. On the upside, a new higher swing high will confirm the continuation of the bullish trend.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.00, 163.00

EUR/GBP

EUR/GBP mostly sideways below the 0.8580 – 0.8600 area. The pair is looking to gather momentum to break above the area. If the pair could break out and close above the area then the trend will turn bullish. Meanwhile, a bearish rejection with strong bearish momentum and a new lower low will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bearish pullback yesterday and managed to reach 190.00. However, the pair has not reached the 188.50 support level. If the pair start moving upward again and print a new higher high then the bullish trend will continue. On the lower side, a close below 188.50 will prompt for deeper bearish correction.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF is testing the 1.1200 resistance level while printing a new higher high. The pair might be on the verge of a bullish breakout above the 1.1200 level to reverse the long-term bearish trend. Traders will wait for a close above the 1.1200 level to confirm the breakout and continuation of the bullish movement. Meanwhile, if the pair make a bearish reversal and print a new lower low then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.1100, 1.1060, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750