EUR/JPY

EUR/JPY currently testing the 131.50 – 132.00 area and there is no major bearish reaction. The pair will attempt to extend the current bullish movement and target a new higher swing high. On the upside, the bearish trendline will hinder the current bullish movement. If the pair get rejected and trade lower then the orange and blue box area will become the support area to watch.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00, 125.00

Resistance: 131.50, 132.00

EUR/GBP

EUR/GBP continues consolidating near the 0.8400 resistance level. The pair’s next direction has been settled yet. No higher swing high printed which means we are currently in a neutral situation. However, if the pair start moving lower again and manage to print a lower swing low then the bearish trend is set to continue.

At the current time, it seems easier to print a higher swing high compared to a lower swing low.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500

GBP/JPY

GBP/JPY is mostly bullish and sticks near the 156.58 resistance level. The pair expected to keep building bullish pressure and attempt for a breakout. On the upside, there is a bearish trendline to watch too. Will the pair breakout and continue the bullish trend? Alternatively, will we see a bearish rejection and continuation below 153.50?

Today Critical level to watch:

Support: 153.50, 150.00, 149.20

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF resuming the bearish movement from the 1.200 level and will attempt to print a lower swing low. The pair failed to maintain the close above 1.2300. A formation of a lower swing low will confirm the continuation of a long-term bearish trend. Traders will avoid long positions for now until the bearish pressure recedes near the previous swing low.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500, 1.2600, 1.2700