EUR/JPY

EUR/JPY is expected to move lower and target the 140.50 support level. We maintain a bullish outlook and think the pair could reach the 148.50 – 151.50 area. Traders will wait near the support level for a chance to enter long positions when there are bullish reactions. The short position might work too, but traders want to enter the positions with a tight stop.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP managed to bounce from 0.8580 – 0.8600 and currently hanging at the middle of 0.8580 – 0.8750. The pair need to print a new higher high to cancel the current bearish outlook. If the pair make a close below 0.8580 then the bearish trend will continue to target 0.8400 and 0.8325

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY rejection from the 168.50 brought the pair down to the target 161.00 – 164.00 area. The pair has not reached the area yet and there is a bullish reaction today. Traders might want to avoid long positions for now as the pair printed a new lower high. If the pair’s downward movement print a new lower low then the trend might turn bearish.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF upward movement has not reached the 1.1530 – 1.1600 area yet. The pair hanging below the level and might trade sideways now. On the upside, the pair need to climb and print a new higher high to confirm a bullish continuation. If the pair continue the bearish movement then we might see another test on the 1.1200 support level.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750