EUR/JPY

EUR/JPY is trading inside the bearish candlestick range and will attempt to reverse the bearish pressure. Overall, the trend is bullish but if the pair breakout below the bearish candlestick low, then the bearish correction will continue. The level around 178.8 or previous swing high might the best level to look for long positions. On the upside, 183.50 is the target to watch.

Today’s critical levels to watch:

Support: 180.00, 178.765, 175.00,

Resistance: 180.54

EUR/GBP

EUR/GBP extend the bearish correction and soon will reach 0.8750 and the trend line. As we have mentioned, the 0.8700 – 0.8750 area and the trend line are the levels to watch for bounce reactions. Traders could enter long positions when there are bullish reactions. For now, it is better to wait until the pair reach support level and produce bullish reactions before entering any positions.

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 building more bullish pressure to continue the bullish trend. On the upside, 207.42 – 208.00 are the targets to watch. If the pair start a bearish correction, then traders could wait near 203.5 for chance to add more long positions. As the trend looks bullish, it is better to avoid short positions in the pair.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF breakout above the bearish channel and reached the 1.066 level. It seems the pair is on the verge of breakout and turn the trend bullish. It is up to the bear to maintain the bearish trend, reverse the pair lower from the current level. Under current situation, it is better to go flat and wait for further confirmation.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200