EUR/JPY

EUR/JPY looks will start a bearish correction after yesterday’s bearish close. However, the pair currently trading upward and not showing further weakness. We think the bullish trend will continue as the pair print a new higher high and higher low. If the pair start a bearish correction then 140.50 is the support level to watch for 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 putting bullish pressure on the 0.8700 resistance level. The pair is testing the previous week’s high and will attempt to break out above it. Nevertheless, the pair have confirmed a bullish continuation and traders will wait for a bearish correction toward the support level to enter long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY undergo bearish correction and will target the 164.00 support level. If the support level could hold out against the bearish pressure and the price showed a bullish reaction then there is a chance of bullish continuation. Traders will wait near the support level for a chance to enter long positions when bullish reactions happen.

Today Critical level to watch:

Support: 164.00, 161.00

Resistance: 165.00, 170.00

GBP/CHF

GBP/CHF smoothly moving lower, the pair printed a new lower low again on the daily chart which means the bearish trend will continue. Traders will wait for a bullish correction toward the resistance level for a chance to enter short positions. At the current time, the pair might target 1.0500 and the parity level.

Today’s critical levels to watch:

Support:

Resistance: 1.1200, 1.1530, 1.1600, 1.1750