EUR/JPY

EUR/JPY turn upward again and might extend the movement to test the trend line. If the trend line broken to the upside, then there is chance of bullish continuation. However, if the pair get rejected with strong bearish momentum, then the bearish movement could continue to target the 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 return inside the 0.8325 – 0.8400 area again. There is bullish attempt today and the pair trading near the 0.8400 level. The weekly closing level might give better clue on the next direction of the pair. If the pair close above 0.8400 then there is a chance of bullish continuation. However, a close between 0.8325 – 0.8400 might confirm ranging movement.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8250

Resistance: 0.8500, 0.8530

GBP/JPY

GBP/JPY sideways between 188.00 – 193.50 and might close the week inside the range. No change in the situation, traders will wait until the pair make a breakout and close outside the range to confirm the next direction. Next week, there is FOMC meeting which could move the market, it might be one of the reason why the pair move sideways.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF mostly higher but no new higher high printed on the chart yet. The pair attempting to extend the bullish movement, but it seems the pair might range near the current level. On the upside, there is the bearish trend line to watch. When the pair breakout and close above the trend line, it will confirm bullish continuation.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400