EUR/JPY

EUR/JPY pressuring to the upside and will attempt to break out above the 140.50 resistance level. Traders will continue to monitor the pair movement inside the 137.40 – 140.50 area. If the pair could close above 140.50 then we will see a bullish continuation to target a new higher high. Failure to breakout and close above the level will lead the pair to more consolidation between 137.40 – 140.50.

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 failed to break out and close above 0.9000 which means the 0.8900 – 0.9000 range is intact. We might see the pair continue consolidation inside the range for now. If a bearish breakout happens then the pair will start a bearish correction toward the 0.8700 – 0.8750 area.

Today’s critical levels to watch:

Support: 0.8900, 0.8750, 0.8700

Resistance: 0.9000, 0.9300

GBP/JPY

GBP/JPY start moving upward and currently trading inside the 156.58 – 158.15 area. The pair might consolidate inside the area and break out to continue the next movement. Despite the bullish setup, the pair is in a bearish trend since a new lower low was printed. Traders will observe the 156.58 – 158.15 area and 161.00 level for bearish reactions. When bearish reactions happen then traders could enter short positions.

Today Critical level to watch:

Support: 153.50

Resistance: 156.58, 161.00, 164.00

GBP/CHF

GBP/CHF halted its drop at the 1.0500 support level. The pair is currently trading near the level and might consolidate near it for now. If the pair stage a bullish rally from the current level then traders will wait near the resistance level for a chance to enter short positions. The current bearish movement might be overdue and a bullish correction might be able to reach 1.1200.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750