EUR/JPY

EUR/JPY trading upward with strong momentum but no breakout from the bearish candlestick range yet. Despite the situation, we expect the pair to extend the bullish movement and target 183.40, 185.00. If a major bearish correction happen, then the pair might target 50-61.8% Fibonacci Retracement levels.

Today’s critical levels to watch:

Support: 180.54, 180.00, 178.765, 175.00,

Resistance: 182.00

EUR/GBP

EUR/GBP under strong bearish pressure and soon will reach the 0.8700 – 0.8750 area and the trend line. If the pair bearish pressure subside and there is bounce reactions, then traders could start entering long positions. On the lower side, a close below the trend line or 0.8750 might become the indication that the trend has turned bearish.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600

Resistance: 0.8800, 0.8850, 0.8920

GBP/JPY

GBP/JPY extended the bullish movement and now on the way to 127.2% target. If there is bearish correction after the target reached, then traders could wait near the 205.00 – 205.29 area to add long positions. Overall, if there is no change to the situation, the pair could continue upward to the 161.8% Fibonacci Extension level.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF stopped at the 1.0660 and looks consolidation near it. The pair might attempt to break out, reverse the trend and continue upward to target 1.0800. For now, the pair might be in transition play, it could either bounce lower to resume a bearish trend. Or, it could close above 1.0660 and turn the trend bullish. Traders better wait for more confirmation before entering positions.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200