EUR/JPY

EUR/JPY launched upward and soon will test the top of the consolidation level. If the pair could surpass the resistance level and print a new higher high then traders will expect the continuation of the bullish trend toward 148.50 – 151.50. On the other hand, if the pair start moving lower again and close below 140.50 then the bearish trend might resume.

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 losing more ground and moving lower with strong bearish momentum. The pair soon will test the 0.8580 – 0.8600 area where a bullish reaction might happen. In the latest move, the pair printed a lower low and lower high which means the current trend might switch to bearish again.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY breakout of the 161.00 – 164.00 range which means the bullish continuation is confirmed. There is nothing traders could do now aside from waiting if not entering long positions near 161.00. The pair has printed a new higher high but needs to surpass September high to confirm further upside.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF reclaims the 1.1200 resistance level by moving above it today. The pair will attempt to close the day above the resistance level and continue the bullish movement toward the 1.1530 – 1.1600 area. If the pair could maintain the position above 1.1200 until the end of the week then the bullish trend has a high chance to continue.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750