EUR/JPY

EUR/JPY turned higher and looks will continue to extend the upward movement to new higher swing high. No change to the bullish outlook, a bearish correction might not happen soon. After the pair formed a new higher swing high, we might see bearish correction to retest 178.765. On the lower side, the trend line is the major support level to watch.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP under bearish pressure and might move lower to test the 0.8750 level or the trend line. Traders could make use of the moment to enter long positions when there is bullish reactions. A close below trend line and new lower swing low below 0.86551 will become the confirmation that the trend has turned bearish.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY defended the 200.00 level and currently has erased all the loss since the strong bearish momentum candlestick that close near 200.00. The pair looks will resume the bullish trend and target a new higher swing high. Traders who has long positions will place stop order below 200.00 or 199.037.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF is moving inside the bearish channel and currently move upward to test the top of channel. When there are bearish reactions, traders could enter short positions with stop above 1.0660. If the pair close above the channel and the 1.066 then the short-term trend might turn bullish.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200