EUR/JPY

EUR/JPY hanging out near the top and will attempt to extend the bullish movement to print a new higher high. Traders will continue observing the pair reaction at the 148.50 – 151.50 area. If the pair form a bearish reaction then a bearish correction might happen and traders could wait near the support level for a 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 failed to break out and close above the 0.8750 resistance level. The pair is now under bearish pressure and might target the 0.8580 – 0.8600 area. If the pair continues moving lower and print a new lower low then the bearish trend is set to continue. On the upside, a close above 0.8750 is bullish confirmation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY extends the bullish movement and prints a new higher high today. The pair’s bullish trend will continue and traders will continue to hold long positions for now. If the pair start a new bearish correction then 164.00 is the level to watch for bullish reactions.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF continues the bullish movement toward the 1.1530 – 1.1600 resistance area. There is nothing traders could do aside from waiting for the pair to reach the resistance area. If the pair start a bearish correction then traders could enter long positions when there is a test on the support level.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750