EUR/JPY

EUR/JPY turned higher again after the trend line test. The upward movement erased the bearish movement which happened on Tuesday. If the pair immediately extend the upward movement, then it will target the 175.374 level next. On the lower side, we could say the swing low gets higher, which mean the bull still in control.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP formed a triangle pattern on the chart, where the pair might attempt to test the bottom of the triangle soon. Traders will monitor the pair movement inside the triangle pattern now. In the bigger view, a close above 0.8750 or below 0.8580 will confirm the next long-term trend.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8530, 0.8500, 0.8430, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY pressuring the 200.00 resistance level, and it looks like will break out soon. Technically, no decisive breakout from the 198.00 – 200.00 area yet but we maintain bullish outlook. If the pair could break out with strong momentum, then we might see fast movement to clear all stop above 200.00.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF stick near the 1.0800 level and there is no higher swing high formed. The pair situation is bearish, but the bull seems to continue the attempt to reverse the current bearish move. Despite the situation, as long as there is no higher swing high printed, it is better to stick with bearish view.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200