EUR/JPY
EUR/JPY turned upward again, especially after tariff war resolved for short-term. The pair will attempt to continue the bullish movement and target a close above 165.00. Under current situation, traders will wait further reactions near the resistance level. If there are bearish reactions, then traders will wait near support level for bullish reactions to enter long positions. As the pair is trading above the triangle pattern, we assume the trend will continue bullish for now.
Today’s critical levels to watch:
Support: 160.00, 155.00, 154.00
Resistance: 163.00, 165.00
EUR/GBP
EUR/GBP reached the 0.8400 – 0.8435 area also the bullish trend line. If the pair could stall and show strong bounce reactions, then traders could enter long positions. At the current time, there are no strong bullish reactions yet. If the pair breakout and close below the trend line, then the trend might turn bearish.
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 building more bullish pressure after it finally close outside the 188.00 – 193.50 area. The pair also breakout above the top trend line which confirm a new bullish trend. If the pair make a bearish correction toward the breakout point, traders will wait for bullish reactions to enter long positions. At the current time, the situation is bullish, which mean better to avoid shorting the pair.
Today’s Critical level to watch:
Support: 195.00, 193.50, 190.00, 188.00
Resistance: 198.00
GBP/CHF
GBP/CHF extending the bullish movement and breakout above 1.1060 – 1.1100 area. The pair will attempt to extend the bullish movement toward 1.1200 level next. On the lower side, 1.1060 will become a major support level if the pair turn lower. Will the pair confirm the rising wedge pattern or double bottom pattern? At the current time, it is a critical moment for the pair. As the global market situation develop, it seems double bottom pattern confirmation has higher odds for now.
Today’s critical levels to watch:
Support: 1.0800, 1.0600, 1.0500
Resistance: 1.1000, 1.1200,