EUR/JPY

EUR/JPY pushed lower but no lower low was printed on the daily chart. The pair currently building more bullish pressure and will attempt to move higher to test the 151.50 level. At the current time, the pair might consolidate between the 148.50 – 151.50 area and traders will wait for a breakout. We think the pair’s bullish trend will continue and each bearish correction is a 3chance for traders to enter more long positions.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP closed below the 0.8750 level and might continue the bearish movement lower. On the lower side, 0.8700 is the next support level to watch. A close below 0.8700 will confirm bearish continuation. Meanwhile, if the pair suddenly burst upward and make bullish close above 0.8750 then there is chance of bullish reversal.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY got rejected from the 172.00 level and trade lower for few days. The pair found support at the 168.50 level and start moving upward again. It seem the bullish trend will continue and traders better avoid short positions until the pair make a major bearish reversal. In the long-term, 200.00 might become the target to watch.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF made a close above the 1.1200 level last week which might become a bullish reversal sign. However, the pair need to climb and close above the trendline to further confirm bullish reversal. On the upside, the pair also need to print a new higher high to reversal the current bearish trend.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750