EUR/JPY

EUR/JPY maintains the movement inside the 140.50 – 142.75 area and traders will continue to monitor the pair movement for now. When the pair make a strong close outside of the area then traders will get confirmation on the next direction. We think the pair has a higher chance to make a bullish breakout. Traders could enter long positions at the bottom of the range with a stop below the previous swing low.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00

Resistance: 142.75, 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP hovering above the 0.8750 level without a strong clue on the next direction. The pair will need to print a new higher high to confirm upward continuation. On the upside, a close above 0.9000 will become the long-term bullish confirmation. However, if the pair moves lower and close below 0.8700 then traders will prepare for a bearish continuation.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY bounced from the 160.00 support level with moderate bullish reactions. It seems the consolidation between 160.00 – 164.00 will continue and traders will continue waiting for a major breakout from the area. We think the pair situation is similar to the situation of EUR/JPY, traders could enter long positions near the bottom of the range with stops below the green box area.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF building bullish pressure and currently testing the top trendline. Will the pair breakout and close above the trendline and print a new higher high to confirm a bullish reversal? Alternatively, will it continue the ranging movement between 1.1200 and the trendline? Traders will wait for either a close below 1.12000 or a new higher high to confirm the pair’s next direction.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750