EUR/JPY

EUR/JPY now showing major movement yet between the 148.50 – 151.50 area and traders could only waiting for further development. In the long-term we think the pair could continue the bullish trend and target a new record high. However, if the pair fail to print a new higher high then it might resume the bearish movement to target a new lower low.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP continue the consolidation near the 0.8700 level. The pair move lower sharply today and print a new lower low but managed to stage recovery and currently trading above the opening level. If the pair could extend the bullish movement then we might see a rally above the 0.8750 level soon.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY hanging near the top for several days and there is no major reactions yet. The pair will continue the sideway movement near the top and traders will wait for further development. The overall trend is bullish which mean a bearish correction from the current level will provide traders with chance to enter long positions at a lower level.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF attempt to extend the bearish movement below the 1.1200 level. However, the bearish pressure receded and the pair move back near the 1.1200 level today. No conclusion yet on the next direction as the range is sideway. A compression is happening with the high getting lower while the low getting higher. Breakout from the compression might determine the pair next trend.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750