EUR/JPY

EUR/JPY resumes the bullish movement after a slight bearish reaction from the 140.50 resistance level. The pair breakout higher and is set to target a new higher high. If the pair start moving lower then traders could use the 140.50 level as a place to enter long positions. However, if the pair suddenly turn bearish and close below 140.50 at the end of the week then there is a chance of a major bearish reversal happening.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP breakout and start moving lower to retest the 0.8580 – 0.8600 area. The pair need to maintain the level above the area to confirm bullish continuation. A successful bounce from the area will confirm a new range between 0.8580 – 0.8700. Traders will maintain a bullish outlook until a major bearish close below 0.8580 happen.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700

GBP/JPY

GBP/JPY consolidation finally produce a massive breakout candlestick with strong momentum. The pair decided to make a bullish breakout above 164.00 which confirm a bullish continuation. At the current time, traders could use 164.00 as a level to enter long positions when a bearish retest happens.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

The overall trend of GBP/CHF is bearish and there is no change to the trend yet. Traders will use each bullish movement as a chance to enter short positions. On the lower side, 1.1200 is the bearish target for the current movement. Without a higher high printed on the chart, it is better to stay out of long positions.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750