EUR/JPY

EUR/JPY trading sideline near the 137.40 resistance level. There is no major bearish reaction from the level but no breakout yet too. We think the bullish trend will continue and traders should wait for a bearish correction to add more long positions. Without a bearish correction, it is better to stay sideline.

Today’s critical levels to watch:

Support: 135.00, 134.50

Resistance: 137.00, 140.00, 140.50

EUR/GBP

EUR/GBP tested the 0.8580 – 0.8600 resistance level but no breakout yet. The pair currently consolidating near the level waiting for further reaction. If the pair start a bearish correction then 0.8500 is the support level to watch for a bounce. A breakout above 0.8600 will confirm long-term bullish continuation.

Today’s critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600

GBP/JPY

GBP/JPY pushed lower but maintain the position above 160.00. The pair might resume the bearish movement to target the 158.15 and 156.58 support levels. If the pair manages to reach both support levels and form a bullish reaction then traders could enter long positions.

Today Critical level to watch:

Support: 160.00, 158.15, 156.58

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF 1.2125 – 1.2300 range has not broken yet. The pair bounced from the bottom of the range and currently testing the top of the range. The ranging movement is expected to continue and traders will wait for a breakout from the range. Where will the pair break out next?

Today’s critical levels to watch:

Support: 1.2125, 1.2000

Resistance: 1.2300, 1.2416, 1.2500