EUR/JPY

EUR/JPY has broken above the triangle pattern and now is expected to continue the bullish movement. However, there is no bullish follow-through today. The pair slightly lower and might consolidate a little bit. If the pair continue moving lower, then it will retest the broken trend line. On the upside, 164.86 will become the resistance level to watch.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP mostly sideways this week as the pair trading near the 0.8500 – 0.8525 area. It might continue the consolidation for now and attempt to breakout higher to retest 0.8700 – 0.8750 area. However, if bearish breakout happen, then the pair might continue lower toward 0.8400 – 0.8435 area.

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 has reached the 193.50 resistance level and might extend the bullish movement to test the top trend line. No change to the pair situation yet, which trade between the two trend line and 188.00 – 193.50 range. Traders might want to wait for a close outside the range to get confirmation on the next direction of the pair.

Today’s Critical level to watch:

Support: 188.00

Resistance: 190.00, 193.50, 195.00

GBP/CHF

GBP/CHF pushed lower with moderate bearish momentum, which might suggest the start of another bearish leg. However, we could see the pair is supported by trend line and might bounce upward again. On the upside, traders will continue to observe 1.1060 – 1.1100 as resistance area. Will the pair breakout higher or resume the bearish trend by breaking below the trend line?

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,