EUR/JPY

EUR/JPY climb to new swing high today, and it looks on the path toward the 175.374 level. The bullish trend continues as the pair moving above the trend line. No bearish correction toward lower trend line which mean the bull strongly in control. Traders who has long positions will move stop to latest swing low at 172.083.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP pressuring to the upside at the 0.8700 level. The pair forming an ascending triangle where a bullish breakout might happen. Under the current situation, the 0.8700 – 0.8750 resistance area will be trader’s focus. If the pair could break out higher and form a new higher swing high, then it might continue to target 0.8920 next. A breakout and close below the trend line with strong momentum could reverse the 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 swept above 200.00 and print new higher high. As we mentioned before, we expect a stop hunting above 200.00 which might turn into strong bullish rally. The upward movement has shown the stop hunt but no bullish continuation yet. If the bullish situation continues, then we might see even stronger upward movement to stop hunt bear traders.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF situation is bearish, and it is on the verge of continuing the bearish trend. No higher swing high printed on the chart, all we have is lower high and lower low. On the upside, 1.0800 is the key level to watch now. If the pair could climb above the level and close with strong bullish momentum, then the trend might turn bullish.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200