EUR/JPY

EUR/JPY bearish movement stopped and the pair started moving up again. It will target a new higher high to continue the bullish trend. No change to the current outlook, traders will continue waiting for the pair to make a bearish correction toward the 154.00 – 155.00 area for a chance to add more long positions. As long as the pair continues printing new higher highs and higher lows, the pair trend will continue bullish.

Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP made a bullish attempt today but experienced bearish reactions near the 0.8580 – 0.8600 area. At the current time, the pair is trading below the opening level and is set to extend the bearish trend. If the pair print another lower low on the chart then the bearish trend could continue. On the upside, a close above 0.8600 will overturn the current bearish trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY pointed to the upside again and might resume the bullish trend. Despite the situation, we think the pair might turn lower again to test the 182.45 support level. Traders will continue waiting near the 178.50 – 182.45 support level for a chance to enter more long positions. A close below 178.50 will become the confirmation of a bearish reversal.

Today’s Critical level to watch:

Support: 182.45, 178.50, 172.00, 170.00, 168.50

Resistance:

GBP/CHF

GBP/CHF was mostly higher again today after the pair experienced bearish pressure at the beginning of trading. The pair is set to close the day on the positive side and might move upward to retest 1.1200 – 1.1225 area. At the current time, the pair is consolidating inside the 1.1100 – 1.1225 area and traders will wait for the close outside of the range to confirm the next direction.

Today’s critical levels to watch:

Support: 1.1100, 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750