EUR/JPY

EUR/JPY continues trading upward, printing a new higher swing high and almost reaching the 135.00 resistance level. Under the current situation, there is no reason to enter short positions. Traders could wait near 131.50 – 132.00 for a chance to enter a long position when the bearish correction happens.

Today critical levels to watch:

Support: 133.50, 132.00, 131.50

Resistance: 134.50, 135.00

EUR/GBP

EUR/GBP maintains the position near 0.8325 level and attempts to bounce from it. The pair might continue to stick near the level now also near the bearish trendline. If a bearish bounce happens then the pair will continue lower to target the previous swing low and 0.8100.

today critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

GBP/JPY has broken above 156.58 and extended its bullish movement above the previous year’s high. There is no reason to enter short positions now as the long-term trend has turned bullish. If the pair corrected lower toward 156.58 then traders could use the moment to enter more long positions.

Today Critical level to watch:

Support: 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF consolidation continues near the 1.2300 level. The pair has made two attempts to breakout above the level but failed to maintain the position above the level. We have a bearish close and the pair currently move below yesterday’s low. If the bearish pressure continues to build up then the bearish trend is set to continue toward 1.2000.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700