EUR/JPY

EUR/JPY hanging near the high after printing a new higher high. The pair might maintain the bullish pressure and continue moving upward. Traders will wait for a bearish correction to enter long positions at the support level. If the price could reach the 140.50 support level and form a bullish reaction then traders could 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

No breakout above the 0.8700 resistance level yet in EUR/GBP. The pair continue to maintain the bullish pressure and stick near the resistance level. If the price could break out and close above the level then the bullish trend is set to continue. On the other hand, if a bearish correction happens then traders will observe the reaction near the 0.8580 – 0.8600 area.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY made a bearish close and there is a bearish continuation in today’s trading session. The pair might trade lower and target the 164.00 broken level. Traders could wait near the level for a bullish reaction to entering long positions. At the current time, the trend is bullish which means traders better avoid short positions.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

GBP/CHF bearish trend extended below 1.1200 without major bullish reactions. It means traders who has short positions will continue to hold it and place stop order above 1.1200. If the pair starts moving upward then the 1.1200 level will become the resistance level to watch for bearish reactions.

Today’s critical levels to watch:

Support: 1.1200

Resistance: 1.1530, 1.1600, 1.1750