EUR/JPY

EUR/JPY bounced from the 38.2% Fibonacci Retracement level and moved upward for the second day. The pair will attempt to break out and continue upward to print a new higher swing high. When the pair manage to print a new higher swing high, the long-term bullish trend will continue. At the current time, traders will wait for the pair to start a bearish correction to enter more long positions.

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 continues testing the 0.8580 – 0.8600 area and no major reactions yet. The pair might continue trading sideway near the area for now and traders will wait for reactions. If the pair could close above the area also the bearish trendline then the trend will turn bullish. On the other hand, if the pair shows major bearish reactions near the area then traders could enter short positions.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY turned upward again before it could reach the 188.50 support level. The pair will attempt to extend the bullish movement and print a new higher high on the daily chart. As mentioned before, traders could wait for a bearish correction toward support levels for a chance to enter long positions.

Today’s Critical level to watch:

Support: 188.50, 186.00, 184.00, 182.45, 178.50

Resistance:

GBP/CHF

GBP/CHF is mostly higher and keeps testing the 1.1200 resistance level. The pair has not breakout and closed above the resistance level for now. When the pair could close above the resistance level, the long-term trend will turn bullish. However, if the pair get rejected with strong bearish momentum and form a new lower low then the bearish trend could 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