EUR/JPY

EUR/JPY maintain the 175.374 level and bounce upward with strong momentum. The pair might resume the bullish trend to target a new higher swing high. However, we are still below the 10 October bearish candlestick which mean the consolidation still continue. Will the pair immediately continue the bullish trend? Alternatively, will it turn lower to retest the trend line?

Today’s critical levels to watch:

Support: 175.00, 173.00

Resistance: 178.285

EUR/GBP

EUR/GBP stay below the 0.8700 and near the trend line. No conclusion yet on the pair next direction. Traders will wait for more breakout from the triangle pattern confirmation. Will the pair turn lower to target 0.8580 – 0.8600 area? Alternatively, will it resume the bullish movement and breakout above 0.8750?

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY turned higher but limited near the 202.928 level. The pair might be set to resume the bullish movement to target a new higher swing high. However, if the pair turn lower again, then the 200.00 and the gap close level could become the bearish target to watch.

Today’s Critical level to watch:

Support: 200.00, 198.00, 195.00

Resistance: 205.00

GBP/CHF

GBP/CHF has fallen below 1.066 level which confirm the continuation of bearish trend. However, the pair looks trading sideways and no bearish continuation yet. If the pair turn higher, then it might attempt to retest the 1.0800 level. Traders will monitor the pair reactions below the 1.0660 level for now.

Today’s critical levels to watch:

Support: 1.0600, 1.0500

Resistance: 1.0800, 1.1000, 1.1200