EUR/JPY

EUR/JPY pushed lower today but there is no change to the bullish outlook with 148.50 – 151.50 as a target. If the pair start a bearish correction then traders will wait near the trendline for bullish reactions. Long positions could be taken when the bounce reactions are confirmed. On the upside, the area between 148.50 – 151.50 is the area where a higher high and bearish reversal might happen.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP get rejected from the 0.8700 – 0.8750 resistance area and now is set to resume the bearish movement to test 0.8580 – 0.8600. A breakout and close below the area will confirm a bearish continuation to target 0.8500. As long as there is no higher high printed on the chart, traders could assume the trend will continue to be bearish.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY printed a new higher high yesterday and is expected to continue the bullish movement. There is a bearish reaction today but limited near yesterday’s low. If the pair start a bearish correction then traders will wait near the support level for a chance to enter long positions when a bullish reaction happens.

Today Critical level to watch:

Support: 161.00, 156.58, 153.50

Resistance: 164.00

GBP/CHF

GBP/CHF slowly moving upward and soon will reach the 1.1530 – 1.1600 resistance area. The medium-term trend is bullish but the long-term trend is bearish. If the pair failed to breakout and close above the area then traders will expect a bearish continuation to retest the 1.1200 support level. A close below 1.1200 will become a major bearish continuation confirmation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750