EUR/JPY

EUR/JPY bearish correcti0n has reached the level near the trendline and the pair show a bounce reaction. No change to the pair situation where it is expected to target the 148.50 – 151.50 area. Traders will continue hold long positions and avoid short positions as long as the pair continue printing a new higher high and higher low.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP could not break out and close above the 0.8700 – 0.8750 area. The pair is stuck near the area and traders will continue waiting for further reactions. If the pair could close above the area and form a higher high then the bullish trend could continue. Otherwise, further weakness and a new lower low will confirm a bearish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY breakout and close below the 168.50 support level. Despite the situation, there is no lower low printed on the chart which means there is a chance of bullish continuation. If the pair continue the bearish movement then 164.00 is the level to watch as the support level and place to enter long positions.

Today Critical level to watch:

Support: 168.50, 164.00, 161.00, 156.58, 153.50

Resistance: 170.00

GBP/CHF

GBP/CHF got rejected from the 1.1530 – 1.1600 area as expected and the pair traded lower to target the 1.1200 support level. There is a bullish reaction before the pair could reach the 1.1200 support level. If the pair could bounce with strong bullish momentum then we will see a retest of 1.1530 – 1.1600 resistance area.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750