EUR/JPY

EUR/JPY continues to add more bullish pressure above the 140.50 level. The pair will continue the bullish trend and target a new higher high. Meanwhile, traders will continue to stick with long positions and wait for a bearish correction to add more long positions near the support level. As long as the pair print a new higher high and higher low, it is better for traders to avoid short positions.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP attempting to build a base near the 0.8700 – 0.8750 area. The pair currently moving upward and testing the 0.8750 level. If the pair could continue to add more bullish pressure and close above 0.8750 then we might see a bullish continuation to retest the 0.8900 – 0.9000 area.

Today’s critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8900, 0.9000, 0.9300

GBP/JPY

GBP/JPY managed to close above 164.00 or trigger stops above it. However, the pair is currently under bearish pressure and return inside the 161.00 – 164.00 area. If a bearish close happens below yesterday’s low then we might see a bearish continuation to test 161.00. If the bearish test happens and the pair could maintain the position above the 161.00 level then consolidation will happen between 161.00 – 164.00.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00

GBP/CHF

GBP/CHF managed to reach the 1.1200 resistance level and completed the bullish correction. The pair is currently under bearish pressure and might develop into a new bearish leg to continue the bearish trend. On the lower side, 1.0500 and parity level is the bearish target to watch.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750