EUR/JPY

EUR/JPY is on the path upward to target the 148.50 – 151.50 resistance area. The only plan, traders could apply is waiting for a bearish correction toward the trendline for a chance to enter long positions. It is better to 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 continue consolidating between the 0.8700 – 0.8750 resistance area. There is an upward attempt today but it might end inside the 0.8700 – 0.8750 area. Without a close above 0.8750 or a new higher high, it is better to avoid taking long positions. On the lower side, if the pair closes below 0.8580 then the bearish trend could 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 failed to break out above the 168.50 resistance level and is currently under bearish pressure. The pair show moderate bearish momentum which might bring it lower to target 164.00 and 161.00. However, if the pair could climb and close above 168.50 then the bullish trend could continue again.

Today Critical level to watch:

Support: 168.50, 164.00, 161.00, 156.58, 153.50

Resistance: 170.00

GBP/CHF

GBP/CHF bullish attempt has reversed and the pair moving lower again to retest the 1.1200 support level. Will the pair breakout lower and continue the bearish trend? Alternatively, will it bounce and restart the upward movement to retest the 1.1530 – 1.1600 area again? Traders could use the moment to enter long positions with a tight stops below 1.1200.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750