EUR/JPY

EUR/JPY continues to extend the bullish movement and print a new higher high. The pair might attempt to retest the previous swing high and continue the long-term bullish trend. No change to the situation, traders will wait for a bearish correction to occur and enter long positions near support levels. As long as the pair continue printing new higher highs and higher lows, traders will assume the bullish trend will continue.

Today’s critical levels to watch:

Support: 163.00, 162.00, 160.00

Resistance: 165.81, 167.14

EUR/GBP

EUR/GBP stick near the bottom of the range and continue testing it. No breakout and a new lower low on the chart which means there is no bearish continuation yet. If the pair could bounce upward then 0.8530 is the resistance level to watch for bearish reactions. As the overall trend is bearish, it is better to treat each long position as a speculative position.

Today’s critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY slowly climbing and currently trades near the previous swing high. The pair will attempt to extend the bullish movement and print a new higher swing high. Traders will continue to apply bullish strategy and wait for a bearish correction. When a bearish correction toward support levels happens, traders could enter long positions on a strong bullish reversal.

Today’s Critical level to watch:

Support: 190.00, 188.50, 186.00, 184.00

Resistance: 200.00

GBP/CHF

GBP/CHF trading above 1.1600 and will target the 1.1750 resistance level. At the current time, the pair is under bearish pressure and might start a bearish correction. Traders could wait near 1.1530 – 1.1600 for bullish reactions. When the pair maintains its position and bounces from the area then traders could add long positions. However, a stop order might be placed below 1.1300 in anticipation of a trend reversal.

Today’s critical levels to watch:

Support: 1.1600, 1.1530, 1.1225

Resistance: 1.1750