EUR/JPY

EUR/JPY breakout above the 140.50 – 142.75 area with strong bullish momentum today. The pair might continue the upward movement and print a new higher high to confirm a bullish reversal. On the upside, 148.50 – 151.50 will become the bullish target. Without a new higher high, the pair is at risk of further bearish pressure below 140.50.

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 bearish pressure slowly receded near the 0.8750 support level. The pair might resume the bullish movement to target 0.8900 and 0.9000 resistance levels. No change to the situation yet, if the pair could print a close above 0.9000 then the long-term trend will continue bearish. On the other hand, a new lower low will confirm a new bearish trend.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY trading upward with moderate bullish momentum today. The bullish movement could become a new bullish leg when it could print a new higher high. Traders who enter long positions inside the green box area will continue to hold the positions with a stop below the 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 managed to print a bullish close near the top trendline yesterday. The pair need to continue the bullish movement and close above the trendline to confirm bullish movement to target 1.1530 and 1.1600. Without bullish continuation, the pair might continue trading between 1.1200 and the trendline with a bearish bias.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750