EUR/JPY

EUR/JPY fell below the 142.75 level yesterday but the pair closed above it at the end of the day. It means no breakout and close below the level yet and the trend could continue bullish. At the current time, the pair is moving upward and erasing all of the losses incurred yesterday. Without a change to the situation, the pair could continue the bullish movement toward the 148.50 – 151.50 area.

Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP trading lower for four days and start a bullish movement today. The pair is not far from the 0.8750 support level where traders could enter long positions when a test happens. At the current time, the pair range span between 0.8750 – 0.8900 and it might consolidate until a breakout happens.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY range spanned between 160.00 – 164.00 and the pair managed to continue trading inside it. The pair currently making bullish movements and is set to test the top of the range. As long as there is no close above it, the pair could continue moving inside the range and traders could apply range trading strategies.

Today’s Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF printed a new lower low and a bullish pin bar pattern yesterday. There is bullish follow-through today but the pair losing upward momentum. If the pair start moving upward again then traders will wait near 1.1200 and the trendline for a possible lower high. Short positions could be taken when there are bearish reactions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750