EUR/JPY

EUR/JPY bounced from the trendline and continue the upward movement. The pair is not far from the 148.50 – 151.50 resistance area. No change to the outlook yet, traders who have long positions will continue holding and add more long positions when a bearish correction happens.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP stuck near the 0.8700 – 0.8750 area and show bearish reactions. The pair might continue to consolidate near it and eventually break out. Traders could use the area to enter short positions with a tight stop above the previous swing high. If the 0.8580 – 0.8600 support area breaks to the downside then the bearish trend will continue.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY is currently trading at the 168.50 level after the previous bearish movement. The pair will test the level and attempt to close above it. If the pair could close above it then we might see a bullish continuation to target a new higher high. On the other hand, bearish rejection will bring the pair lower to target 164.00.

Today Critical level to watch:

Support: 168.50, 164.00, 161.00, 156.58, 153.50

Resistance: 170.00

GBP/CHF

GBP/CHF bounced from the level not far from the 1.1200 support level. The pair currently trading upward and will resume the latest bullish movement. On the upside, 1.1530 – 1.1600 is the resistance area to break for the pair to continue the bullish movement. If the pair continues moving lower and close below 1.1200 then the bearish trend might restart.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750