EUR/JPY

EUR/JPY extended the bullish movement and on path toward the bearish trend line. The pair might reach the 162.39 or the trend line to test it. If there are bearish reactions, then traders could enter short positions. However, if the pair breakout higher and form new higher swing high, then the situation could turn bullish for medium-long term.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP has breakout above the 0.8400 resistance level and now moving upward with strong bullish momentum. The pair might attempt to print a new higher swing high to continue the bullish trend. However, there is chance of bearish rejection too and the pair turn lower to retest 0.8400 and 0.8325.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8250

Resistance: 0.8500, 0.8530

GBP/JPY

GBP/JPY moving upward with strong bullish momentum today. If the pair closed the day near the current level, then we will have a bullish engulfing pattern. Despite the situation, the pair need to breakout from 188.00 – 193.50 range to confirm the next direction.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF bounced from the green box area and resume the bullish movement. It seems the pair has finally left the consolidation area and is set to trade upward. On the upside, there is a bearish trend line to watch. A breakout and close above the trend line will confirm the pair next direction. Meanwhile, a bearish rejection might mean consolidation between the trend line and the top of green box area.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400