EUR/JPY

EUR/JPY maintain the positions near the high and might extend the bullish movement to target a new higher swing high. The lows are getting higher and the high mostly the same, which mean the bull is in control. If the pair start another bearish correction, then traders could use the Fibonacci Retracement levels as a place to add long positions.

Today’s critical levels to watch:

Support: 180.54, 180.00, 178.765, 175.00,

Resistance: 182.00

EUR/GBP

EUR/GBP has reached the 0.8750 level and produce slight bullish reactions. The pair might consolidate near the 0.8750 level and near the trend line. When it manages to hold out and produce strong bounce reactions, traders could enter long positions. On the lower side, a close below the trend line with strong momentum might turn the trend 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 reached the 127.2% Fibonacci extension level and might immediately continue the bullish movement to target the 161.8% extension level next. As the bullish movement ongoing, traders will avoid short positions for now. When the pair made a bearish correction, it might form a new higher swing low near the 205.20 level.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF reached the 1.0660 level and currently stick near it. As we mentioned, a breakout and close above the level will turn the trend bullish. As the pair looks to continue building bullish pressure, we think a breakout is imminent. Under current situation, it is better to observe the pair reactions near the 1.066 level for now.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200