EUR/JPY

EUR/JPY smoothly higher and getting near the 127.2% Fibonacci Extension level. There is no bearish day yet in the pair and traders who have long positions will continue holding. If there is bearish correction, then the previous swing high will become a support level to watch. On the lower side, the green box area is the major invalidation level for the current bullish trend.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP attempting to extend the bullish movement but experience selling pressure. The pair has 0.8920 – 0.9000 as upward target to watch. If the pair turn lower again, then the 0.8700 – 0.8750 and the trend line are the support levels to watch. Traders could add long positions as long as the pair stay above the trend line.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY is on the verge of bullish breakout to resume the upward movement. If the pair manage to breakout higher, then the 207.42 and 210.13 are the targets to watch. On the lower side, a lower swing low below 199.03 might cancel the current bullish outlook.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF moving lower below the bearish channel. The trend is bearish and there is no sign of bullish reversal. Traders will continue to hold short positions with stop order above 1.062 or the latest swing high. A close above 1.066 might turn the trend bullish for short-medium term. Without change in the bearish trend, parity could become the target, but central bank might intervene before the level could be reached.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200