EUR/JPY
EUR/JPY continues moving upward and will target the 148.50 – 151.50 resistance area. Traders will avoid entering short positions and wait until the pair make a bearish correction to enter long positions. At the current time, 142.75 is the support level to watch. A close below 140.50 will become the confirmation of a bearish continuation.
Today’s critical levels to watch:
Support: 140.50, 137.40, 135.00
Resistance: 142.75, 145.00, 148.50, 151.50
EUR/GBP
EUR/GBP closed higher yesterday and is on the path toward 0.8900 again. The pair might attempt to test the resistance level in a few days or weeks. If the pair could close above the 0.9000 resistance level then the trend will turn bullish for the long term. On the other hand, if the pair start moving lower again and print a new lower low then the bearish trend will continue.
Today’s critical levels to watch:
Support: 0.8750, 0.8700, 0.8600, 0.8580
Resistance: 0.8900, 0.9000
GBP/JPY
GBP/JPY showed a bearish rejection from the 164.00 resistance level. Despite the situation, the pair continue to stick near the level and will wait for further reactions. If the pair could close above the 164.00 level then the upward movement could continue toward the 168.50 resistance level. On the other hand, if the pair start moving lower again then 160.00 will become the support level to watch as a target.
Today’s Critical level to watch:
Support: 164.00, 161.00, 156.58, 153.50
Resistance: 168.50, 170.00
GBP/CHF
GBP/CHF upward movement stopped and the pair start moving lower again. It seems a retest on the 1.1200 support level will happen again. Traders will monitor the pair reactions near the 1.1200 support level. If the pair could bounce upward with strong bullish momentum then the bullish movement toward 1.1530 – 1.1600 will continue. On the other hand, if the pair makes a bearish close below 1.1200 and a new lower low then the bearish trend will start.
Today’s critical levels to watch:
Support: 1.1200, 1.0500, 1.0000
Resistance: 1.1530, 1.1600, 1.1750