EUR/JPY

EUR/JPY trading near the yellow box area with no major change to the situation. It might continue the bullish movement and breakout above the area to print a new higher high. However, if the pair reverses downside and moves toward 154.00 – 155.00 again then there is a chance of a bearish continuation below the area.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP showed bullish reactions before the pair reached the 0.8580 – 0.8600 area. The pair might resume the bullish movement to retest the 0.8700 resistance level. If the pair could close above 0.8700 then the bullish trend could continue for the medium-long-term.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY managed to reach the 182.45 resistance level and show a bearish reaction today. The pair range between 178.50 – 182.45 has not broken and we might see a bearish movement to target the bottom of the range. Traders will continue to apply a range trading strategy inside the 178.50 – 182.45 area for now.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45

GBP/CHF

GBP/CHF is back under bearish pressure and currently testing the bottom of the yellow box area. The pair might breakout lower and continue the bearish trend. However, traders will continue to assume that the current consolidation range will hold out. Traders could enter long positions with tight stop below the area while expecting upward movement to target the top of range.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750