EUR/JPY

EUR/JPY trading upward again today, but the situation is unclear whether the pair will continue moving bullishly or reversed lower. Overall, we could say we have a higher high and higher low on the chart, which mean the bull is in control. However, the pair movement look sideways. The pair might continue moving upward slowly with new higher high and higher low.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00

Resistance: 163.00, 165.00

EUR/GBP

EUR/GBP is trading below the 0.8400 – 0.8430 area and now might slowly move lower to target 0.8325 level. As the pair has breakout below the trend line and 0.8400 – 0.8430 area, it is better to assume the trend is bearish. If the pair could reclaim the position above trend line and 0.8430, then we might say the trend is neutral.

Today’s critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8430, 0.8500 , 0.8530, 0.8580, 0.8600, 0.8700, 0.8750

GBP/JPY

GBP/JPY building bullish momentum as it will attempt to target the 198.00 resistance level. Traders who has long positions will continue to hold the positions for now. Meanwhile, when the pair reach 198.00 resistance level and produce strong bearish reactions, traders could enter short positions.

Today’s Critical level to watch:

Support: 193.50, 190.00, 188.00

Resistance: 195.00, 198.00

GBP/CHF

GBP/CHF got rejected from the 1.1200 resistance level and fall with moderate bearish momentum today. The pair situation has not changed yet, where it consolidates near 1.1200 level and waiting for breakout of rising wedge pattern. Where will the pair breakout to? Will it breakout higher or breakout lower to confirm the rising wedge pattern?

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200,