EUR/JPY

EUR/JPY breakout above the 131.50 – 132.00 area and printed a higher swing high. The pair tested the 133.50 resistance level today and get rejected from it. The bearish rejection might be temporary without strong bearish momentum. If the pair could add more bullish pressure then we might see a breakout toward the 135.00 resistance level.

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50, 134.50, 135.00

EUR/GBP

EUR/GBP failed to maintain the level above 0.8400 and the trendline. The pair started moving lower again and currently trading near 0.8325. If the pair continues moving lower and print a lower swing low then traders will expect a long-term bearish continuation. However, if the pair reverse the current bearish pressure and start moving upward then a higher swing low will be printed.

We think the pair has more chance to start a bullish leg compared to a bearish one.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY breakout is above the 4-years high finally. The pair triggered a short squeeze and moved upward with strong momentum. At the current rate, the pair could continue the bullish trend with a bearish correction or without it. If the pair make a bearish correction then traders will wait near the horizontal level around 158.25 for a chance to enter long positions.

Today Critical level to watch:

Support: 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF situation continues sideway but with bullish development. The pair maintain a level above 1.2300 and currently attempting to move upward. If the pair could continue moving upward and print a higher swing high above 1.2600 then there is a chance of bullish continuation.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700