EUR/JPY

EUR/JPY is unstoppable as the pair continue moving upward today with strong momentum. The pair’s bullish trend will continue as U.S. inflation numbers continue to move down. Traders will continue to wait for the pair to make a bearish correction for a chance to enter long positions near support levels.

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 rejection from the 0.8750 resistance level brings the pair lower toward 0.8700. It seems the bearish movement might continue below the 0.8700 support level. Traders will observe the pair movement for now. As long as the pair continue printing a new higher high and higher low, the bullish trend will continue.

Today’s critical levels to watch:

Support: 0.8700, 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8750

GBP/JPY

GBP/JPY move upward and print a new higher swing high which means the bullish trend will continue. Traders will continue to apply the same strategy as in EUR/JPY. When the pair starts a bearish pullback toward the support level, traders will wait for a chance to enter long positions.

Today’s Critical level to watch:

Support: 184.00, 182.45, 178.50

Resistance: 186.00

GBP/CHF

GBP/CHF moving upward and trading inside the yellow box area. The pair might continue the upward movement and attempt to close above the box area. When the pair manage to close above the area, the bullish trend will continue. Meanwhile, a major bearish rejection from the box area and a new lower low might confirm a bearish continuation.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750