EUR/JPY

EUR/JPY maintains the bullish pressure and moves upward slowly. The pair currently trading inside the 148.50 – 151.50 range and will attempt to extend the bullish trend. Traders who have long positions will continue to maintain the positions while hoping for a new higher high on the chart. If the pair turn lower and form a lower high also a lower low then the trend might turn bearish.

Today’s critical levels to watch:

Support: 145.00, 142.75, 140.50

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP made a bullish attempt but fail to print a close above the 0.8700 resistance level. It seems the pair might resume the bearish trend and target a new lower low on the chart. On the lower side, 0.8580 – 0.8600 is the target area to watch. On the upside, if the pair could close above 0.8750 then there is a chance of bullish reversal.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY stick near the top and continue attempting to extend the bullish trend. The pair might continue trading sideway near the top and traders will wait for reactions. If the pair start moving lower then it is a chance for traders to enter more long positions. However, if the pair close below the 168.50 then it might start a new bearish trend.

Today’s Critical level to watch:

Support: 170.00, 168.50

Resistance: 172.00

GBP/CHF

GBP/CHF bullish attempt failed to print a close above the 1.1200 resistance level. The pair formed a pin bar pattern which might indicate a bearish continuation. Despite the situation, it seems the pair trend is sideway. The next higher high or lower low might confirm the pair’s medium-long-term directions. It is better to stay sideline and wait for a breakout to happen before placing major positions.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750