EUR/JPY

EUR/JPY has not continued the upward movement toward the 175.374 level. The pair trading up and down near the trend line but mostly higher. We expect the pair to continue the bullish movement toward the target. If there is bearish breakdown, then traders could wait near the lower trend line for bullish reaction to enter long positions.

Today’s critical levels to watch:

Support: 170.00, 166.50, 165.00, 163.00

Resistance: 173.00, 175.00

EUR/GBP

EUR/GBP continue the climb and soon will reach the 0.8750 resistance level. If the pair could break out and close above the level, then the bullish trend will continue. On the other hand, bearish rejection might bring the pair to consolidate between 0.8700 – 0.8750 area. On the lower side, a breakout and close below the trend line might turn the trend bearish.

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 is consolidating near the 200.00 as the bearish pressure subsided. The pair might continue trading near the current level and make another bullish attempt above 200.00 to print a higher swing high. We continue to maintain bullish outlook on the pair and see the 198.00 as a major support level.

Today’s Critical level to watch:

Support: 198.00, 195.00, 193.50, 190.00, 188.00

Resistance: 200.00

GBP/CHF

GBP/CHF slowly moving lower and continue printing new lower low. The pair is on track to target the previous swing low. As long as the pair continue printing new lower swing low and lower swing high, the trend will continue bearish. On the upside, the 1.0800 is the major resistance level to watch.

Today’s critical levels to watch:

Support: 1.0800, 1.0600, 1.0500

Resistance: 1.1000, 1.1200