EUR/JPY

EUR/JPY is on the path upward to target the 148.50 – 151.50 area. There is no change to the bullish scenario yet, if the pair start moving lower then traders could wait near the trendline for a chance to enter long positions. As long as the pair continue printing a new higher high and higher low, there is no reason for traders to enter short positions.

Today’s critical levels to watch:

Support: 145.00, 140.50, 137.40

Resistance: 148.50, 151.50

EUR/GBP

EUR/GBP pressuring to the downside. At the current time, the pair is testing the 0.8580 – 0.8600 area. A breakout and close below the area will confirm a bearish continuation. If a bearish breakout happens then 0.8500 will become the bearish target to watch. Without a higher high printed on the chart, it is better to avoid long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY continues the bullish movement without major bearish reactions. Traders who have long positions will continue to hold the positions. Meanwhile, traders who want to enter long positions will wait for a bearish correction toward the support level. 168.50 might become the level to watch for the next formation of a higher low.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 170.00

GBP/CHF

GBP/CHF stick near the 1.1530 – 1.1600 area and will keep testing it for now. The pair will wait for reactions from the area. If the pair get rejected with strong bearish reactions then it might target the 1.1200 support level. On the other hand, a massive bullish breakout above the area might turn the trend from bearish to bullish.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750