EUR/JPY

EUR/JPY breakout above the trend line, which mean the situation has turned bullish again. The pair now will attempt to extend the bullish movement toward 164.80 – 165.00 area. If the pair turn lower again, then it might find support near the broken trend line. Traders could use the chance to enter long positions with a stop below the previous swing low.

Today’s critical levels to watch:

Support: 155.00, 154.00

Resistance: 160.00, 163.00, 165.00

EUR/GBP

EUR/GBP trading near the 0.8400 level and keep attempting to extend the bullish movement. On the upside, the pair will need to close above the trend line to confirm a valid breakout. If the pair turn lower again, then it might consolidate between 0.8325 – 0.8400 area.

Today’s critical levels to watch:

Support: 0.8400, 0.8325, 0.8250

Resistance: 0.8500, 0.8530

GBP/JPY

GBP/JPY climb and closed near the 193.50 level. The pair extended the bullish movement today, but looks will settle near 194.00. A bullish breakout might have happened but without strong momentum. Traders will monitor the pair reactions for a few days. If the pair could continue the bullish movement, then we will have a valid bullish continuation above the 194.00 level.

Today’s Critical level to watch:

Support: 190.00, 188.00

Resistance: 193.50, 195.00

GBP/CHF

GBP/CHF turn lower again and might retest the 1.1360 level. The pair situation is bullish and a successful bounce from the 1.1360 level will confirm upward continuation to test the bearish trend line. On the upside, a breakout from the trend line will confirm long-term bullish continuation.

Today’s critical levels to watch:

Support: 1.1360, 1.1225, 1.1200, 1.1000, 1.0800

Resistance: 1.1400