EUR/JPY

EUR/JPY continues the bullish movement without much problem. The pair launched upward today but slowly lost the gain. Traders will continue waiting for a bearish correction for a chance to enter long positions. On the lower side, 133.50 and 131.50 – 132.00 areas are the places to look for long positions.

Today’s critical levels to watch:

Support: 133.50, 132.00, 131.50

Resistance: 134.50, 135.00

EUR/GBP

EUR/GBP bounced from the 0.8325 support level toward the 0.8400 resistance level. The pair seems will continue the ranging movement between 0.8325 – 0.8400 for now. Traders will wait for breakout confirmation to determine the next direction. We think the pair has a higher chance to breakout higher and start a bullish trend.

Today’s critical levels to watch:

Support: 0.8325, 0.8100

Resistance: 0.8400, 0.8500

GBP/JPY

Similar to the situation of EUR/JPY, the pair moving upward with strong momentum today but has relinquished most of the gain. A short squeeze was triggered and the price has normalized. Traders will wait for a bearish correction to enter long positions. On the lower side, 156.58 and 158.15 are the levels to watch for long positions.

Today Critical level to watch:

Support: 156.58

Resistance: 160.00

GBP/CHF

GBP/CHF attempted to move higher above the 1.2300 but get rejected from the resistance level. No bearish continuation yet at the current time. The pair might consolidate near the level and wait for further development. If the pair continue the bearish movement then traders target the 1.2000 support level.

Today critical levels to watch:

Support: 1.2300, 1.2000

Resistance: 1.2500, 1.2600, 1.2700