EUR/JPY

EUR/JPY finally breakout from the triangle range with strong momentum. The pair might close the day above the triangle pattern and continue the bullish trend. However, tomorrow, U.S job data might give final confirmation. If the pair turn lower and closed inside the triangle pattern again, then it is a false break and the trend will turn bearish. On the upside, a close above

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP made a bearish attempt today to fall below previous day’s low. However, the bearish pressure receded and the pair turn upward. It might close the day above the opening level and attempt to continue the bullish movement. At the current time, the pair might attempt to extend the bearish movement to target the 0.8400 – 0.8430 area. However, if the pair reverse and start moving upward from the current level, then it will target 0.8700 – 0.8750 area again.

Today’s critical levels to watch:

Support: 0.8430, 0.8400

Resistance: 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY continue the bullish movement with strong momentum today. The pair is on the path to target the top of triangle area or the 193.50 level. As long as there is no breakout from the range, the pair will continue the sideways movement. Traders will wait for a close outside the range to confirm the next direction. On the other hand, traders could use the range to apply range trading strategies too.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF made a bullish attempt today, but it gets rejected from the 1.1060 level. The pair is trading near the opening level and might close the day flat. It seems the pair will continue the consolidation near the 1.1060 – 1.1100 area. Traders will wait for more confirmation before entering positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,