EUR/JPY

EUR/JPY bullish move continue, and it is getting near the 161.8% Fibonacci Extension level. The pair has not shown any weakness, which mean it could continue upward. Traders will wait until the pair loss upward momentum and start a bearish correction. On the lower side, the broken 175.00 level will become the major support level to watch.

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP is testing the trend line and there was breakout below it. However, the pair stage recovery and currently trading near the opening level. If the pair could stay above the trend line and bounce upward strongly, then the triangle consolidation will continue. Traders will continue to maintain bullish outlook for now as long as the pair stay above the trend line.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY extended the bullish movement and reached the 161.8% Fibonacci Extension level. The pair is in bullish run and no bearish reaction yet. Traders who has no long positions better stay sideline. Traders who has long positions will trail stop order below 1-2 latest candlestick low.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance:

GBP/CHF

GBP/CHF trading upward but looks to stay at the middle of 1.066 – 1.0800 area. The pair next direction will depend on breakout from the range. Or the next higher swing high / lower swing low will confirm the pair direction. As the overall trend is bearish, the bear still has the upper hand for now.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200