EUR/JPY

The direction of EUR/JPY is pointing to the upside and the pair moving up smoothly. Since the breakout of the orange box area, the trend has been bullish and there is nothing has changed yet. If the pair make a bearish correction then traders could use the moment to enter long positions.

On the upside, 133.50 is the nearest target.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

EUR/GBP made another close near the 0.8600 support level. No strong reaction from the level yet, it seems the pair will continue trading near the level and waiting for a reaction. At the current time, the pair range span between 0.8600 – 0.8700, and we expect a bounce will happen. Traders who enter long positions will place the stop below the previous swing low.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY print another higher high but it seems the pair currently limited below the previous week’s high. On the long-term view, we think the pair will continue its bullish movement and target 156.58. Meanwhile, if the pair moves lower the traders could use 153.50 as the level to enter long positions.

Today Critical level to watch:

Support: 153.50, 152.00

Resistance: 156.58

GBP/CHF

GBP/CHF mostly sideways between 1.2700 – 1.2800. The pair will continue its ranging movement for now while waiting for a breakout. We think the bullish scenario has more weight as there is no lower low printed yet. If the pair could print higher high then it is set to continue moving bullishly.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2800, 1.2900