EUR/JPY

EUR/JPY is trading near the trendline and attempting to continue the upward movement. There is no major bearish reaction yet which means there is a chance of upward continuation to the target of 148.50 – 151.50. On the lower side, if the pair continues moving lower then 140.50 is the support level to watch.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP managed to print a bullish close yesterday but the pair come under bearish pressure again today. The pair looks trading near the 0.8700 – 0.8750 area and might continue trading sideway near it. No conclusion yet on the pair’s next direction. If the pair moves lower then it needs to close below the 0.8580 – 0.8600 area to confirm a bearish continuation. On the upside, 0.9000 is the resistance level to watch.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY bounce from the 164.00 support level and will attempt to continue the bullish movement to target 168.50. If the pair resume the bearish movement and close below 164.00 then we will see a continuation toward 161.00. As long as there is no lower low below 161.00 then the pair will maintain the bullish trend.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF closed below the 1.1200 support level and currently trading upward to retest the level. No major bearish reaction yet and the pair might close near the level at the end of the day. Traders will monitor the pair reaction near the 1.1200 level. If the pair show another bearish movement with strong momentum then the bearish trend will continue.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750