EUR/JPY

EUR/JPY is trading upward and inside the 148.50 – 151.50 area. The pair might consolidate inside the area and traders will observe the pair’s movement inside the area. On the upper side, we think the pair will surpass the 151.50 resistance level and continue the bullish trend. However, if the pair start moving lower again then traders will wait near the 145.00 and 142.75 support level for a chance to enter long positions.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP is trading sideway below the 0.8700 level and no clue yet on the next direction. Traders will wait for further development near the level. If the pair continue moving lower then it will target the 0.8580 – 0.8600 area. On the upside, a close above 0.8750 might reverse the current bearish trend for the short-term.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY printed a new higher swing high but not a strong one. The pair currently trading near the top and might start another bearish correction. On the lower side, 170.00 might become the level to watch for a higher low. If the pair close below 168.50 then the trend might turn bearish again with 164.00 as a potential bearish target.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF mostly sideway near the 1.1200 level and there is no change to the analysis yet. The pair might continue consolidating near the current level and traders will continue waiting for a breakout from the 1.1200 and the trendline. Under the current situation, it is better to stay sideline until the actual breakout happens.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750