EUR/JPY

EUR/JPY trading upward near the trendline and might stick near it. No bearish continuation which means there is a chance of a bullish continuation to target the 148.50 – 151.50 resistance area. If the pair continues moving lower then 140.50 is the level to watch for bullish reactions.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP mostly sideways near the 0.8700 – 0.8750 area. No movement with strong momentum away from the level which means the consolidation is expected to continue. Traders will continue waiting for further development near the area. We think the bear has the upper hand and might bring the pair down to retest 0.8580 – 0.8600 area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY has bounced from the 164.00 support level but has no strong bullish continuation yet to target 168.50. Traders who have long positions will protect the positions with a stop below 161.00 or below the latest swing low. A breakout and close below 164.00 will bring the pair further lower to test 161.00.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF attempted a bullish breakout yesterday above 1.1200. However, the bullish movement failed to print a close above the level. At the current time, the pair might continue to stick near the level and wait for reactions. If the pair moves lower with strong bearish momentum then it will confirm continuation to the target 1.0500 and parity level.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750