EUR/JPY

EUR/JPY printed a bullish close yesterday, canceling the bearish close which happened last week. The pair is set to continue the bullish movement to target the 148.50 – 151.50 resistance area. If the pair make another bearish correction then traders could wait near the trendline for the chance to enter long positions.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP could not break out above the 0.8700 – 0.8750 area. The pair is now under bearish pressure and might resume the bearish movement toward 0.8580 – 0.8600. Without a close above 0.8750, there is no reason for traders to turn bullish yet on the pair.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY building more bullish pressure on the top and is set to continue the bullish trend. Last week’s bearish correction did not last long and there is no other chance to enter long positions. Traders will wait for another bearish correction after the current bullish leg reverse to enter long positions.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF finally resume the bullish movement after the consolidation near the 1.1200 level. The pair will continue moving upward to target the 1.1530 – 1.1600 area. When the pair reach the area and form bearish reactions then traders could wait for a bearish correction to enter long positions.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750