EUR/JPY

EUR/JPY is trading inside the triangle area and soon will break out from it. Will the pair continue lower to test the 140.50 support level? Alternatively, will it resume the bullish movement to target the 148.50 – 151.50 resistance area? Traders will continue to monitor the situation and stick with long positions for now.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP pushed lower and is currently supported by the 0.8580 – 0.8600 support area. If the pair closes below the area then the bearish trend will continue. On the other hand, if the pair could bounce from the current area and move upward to print a new higher high then there is a chance of a bullish reversal.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY manages to continue moving upward and currently trading near the 168.50 resistance level. The pair needs to close above it and print another higher swing high to continue the bullish trend. On the lower side, a lower low below 164.00 will confirm the switch to the bearish trend.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF avoided a bearish continuation below the 1.1200 support level. The pair continue building bullish pressure and soon will reach the 1.1530 – 1.1600 area. If the pair could climb and close above 1.1600 then it will print a new higher high which confirms the continuation of the bullish trend.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750