EUR/JPY

EUR/JPY extended the bullish movement yesterday which means there is no change to the bullish situation yet. The pair will keep moving upward and traders better avoid shorting it. As long as the pair continue printing new higher high and higher low, traders better stay sidelined or hold long positions. When the pair starts a bearish correction, traders could enter long positions near the support level.

Today’s critical levels to watch:

Support: 160.00, 155.00, 154.00, 151.50, 148.50

Resistance: 162.87, 171.00

EUR/GBP

EUR/GBP return above 0.8700 or entered the 0.8700 – 08750 area again. The pair might extend the bullish movement to retest the 0.8750 resistance level. Traders will wait for further reactions inside the area. At the current time, the pair has made a higher high and higher low which means a new higher high is a confirmation of a bullish continuation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bullish close yesterday but there is no new higher high printed on the chart yet. The pair might continue the bullish movement but it also might continue trading sideway for now. Traders will continue waiting for the pair to make a bearish correction toward the support level for a chance to add long positions.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45, 184.00

GBP/CHF

GBP/CHF closed below 1.1060 or the yellow box area but maintained the positions near it. If the pair could return inside the area with strong bullish momentum then traders will expect another bullish attempt to test the 1.1200 resistance level.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750