EUR/JPY

EUR/JPY trading upward and will attempt to extend the bullish trend above the 148.50 – 151.50 area. If the pair continue moving lower again then traders will wait near the support level for a chance to enter more long positions. On the upside, we think the pair could surpass the 151.50 resistance level in the long term.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP attempting to break out above 0.8700 and reverse the current bearish trend. However, the pair continue to fail to print the close above 0.8700 for a few days. Consolidation is in progress near the level and traders will wait for further development. If the pair get rejected from 0.8700 or the 0.8750 level then traders could consider entering short positions.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY bounced from the 168.50 level and currently moving upward. The pair will test the 172.00 resistance level and traders will wait for reactions. The pair might consolidate between both levels before breakout and confirmation for the next direction happen. Traders will wait for further development while applying a range trading strategy with a bullish bias.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF hanging near the 1.1200 level and might continue consolidating near the level. As mentioned in the previous analysis, the pair next higher high or lower low might confirm the long-term directions. Under current situation, traders better stay sideline and wait until a new higher high or lower low printed on the chart.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750