EUR/JPY

EUR/JPY bounced upward and looks forming double bottom pattern. If the pattern confirmed by breakout above the neckline then the trend might turn bullish with the blue trend line as upside target. However, if the pattern failed, then we will see bearish continuation to retest 154.00 – 155.00 area.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP launched upward with strong bullish momentum. It seems the bearish trend stopped now, and the pair will attempt to extend upward movement to test 0.8400. As mentioned before, if the pair printed new higher swing low or close above 0.8400 then the trend will turn bullish. On the other hand, if the pair turn lower with strong bearish momentum then we might see new lower swing low.

Today’s critical levels to watch:

Support: 0.8325, 0.8250

Resistance: 0.8400, 0.8500, 0.8530

GBP/JPY

GBP/JPY closed above 191.00 again, which put the pair in neutral situation. The pair could continue upward to test the 193.50 resistance level. Alternatively, it could turn lower and resume the bearish movement to target a new lower swing low. Under current situation, it is better to stay sideline for now.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF is choppy near the top of green box area. It seems the situation is in stalemate and now confirmation yet for the next movement. It seems all selling being absorbed, and the price looks keep moving higher though slowly. Judging from the situation, the pair might be preparing for bullish breakout and leave the green box area for good.

Today’s critical levels to watch:

Support: 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1360, 1.1400