EUR/JPY

EUR/JPY keeps challenging the 131.50 – 132.00 area and might breakout above it soon. The pair seems will settle near the area at the end of the week. Traders will monitor the closing level and the reaction from the area. On the upside, 133.50 and 135.00 is the bullish target for the current bullish movement.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00, 125.00

Resistance: 131.50, 132.00

EUR/GBP

EUR/GBP made a bullish close above 0.8400 but the pair currently losing the bullish pressure and trading below the level. The same as the previous day’s analysis, the pair expected to continue the ranging movement near 0.8400 for now. If the pair could print a higher swing high then the trend could change from bearish to bullish.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500

GBP/JPY

GBP/JPY bullish movement has not stopped yet as the pair climb above 156.58 resistance level today. On the upside, there is a bearish trendline to watch. GBP/JPY needs to clear the trendline and print a higher swing high to confirm the continuation of the bullish trend.

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF sticks near the 1.2300 level and is currently under bearish pressure. The pair needs to close above the level at the end of the week to confirm further upside movement toward 1.2500. If the pair closes below 1.2300 at the end of the week then there is a chance of bearish continuation next week.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700