EUR/JPY

EUR/JPY triggered a stop above the previous swing high and printing a new higher high today. The pair is expected to continue the bullish trend and target the 148.50 – 151.50 area next. Similar to the latest analysis, traders better avoid shorting the pair and wait for a bearish correction to enter long positions.

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 continues building bullish pressure and currently testing the previous swing high. The pair will attempt to break out and continue the bullish trend to target the 0.9000 resistance level. Traders will continue to hold long positions while monitoring the pair reactions near the 0.8700 – 0.8750 area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY bounced from the level near 164.00 and print a new higher high again. The pair will keep building bullish pressure and target a new higher high. Traders could only wait for a bearish correction to enter long positions near the support level. It is better to avoid short positions as the pair is in a new bullish trend.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF maintains the bearish pressure after the previous week’s close below the 1.1200 support level. Our bearish target has been reached and there is no bullish indication. We think the pair might attempt to close the week above 1.1200 to start a bullish correction. If a bullish correction happens then traders could enter short positions at higher levels.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750