EUR/JPY

EUR/JPY extending the bullish movement and now is set to target the 127.2% Fibonacci extension level. When the target reached and a bearish correction happen, traders could use the previous swing high as place to enter long positions. Under current situation, traders will keep holding long positions and place stop order below 175.00.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP climbing to new higher swing high and is set to target 0.8920 – 0.9000 area. We maintain bullish outlook on the pair as long as it stays above the trend line. On the lower side, the 0.8700 – 0.8750 is the major support area to watch aside from the trend line. Traders could use the bearish correction in the pair as a chance to add long positions.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY has recovered entirely from the major bearish candlestick drop toward 200.00. The pair has a chance to extend the bullish movement to reach new higher swing high. On the upside, the 205.00 level is the major level to watch. A breakout above it, will confirm continuation toward 207.42 and 210.13.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF extending the bearish movement and print new lower swing low. The pair bearish trend continues inside the bearish channel and there is no change to the situation yet. On the upside, 1.0620 is the level to watch as invalidation for now. A close above the level might confirm short-term change in the trend to bullish.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200