Forex Technical Cross Pairs Analysis | January 11, 2021

EUR/JPY

EUR/JPY managed to secure a close above 127.00 last week. However, the pair immediately pushed lower at the end of the week and closed below 127.00. No major breakout yet but there is an opportunity for the bull to bring the pair further higher. At the current time, traders will continue to monitor the pair reaction at 127.00.

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Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

EUR/GBP continues to stick near the 0.9000 support level. No major breakout from the 0.9000 and green box area range. The pair expected to continue consolidation near the 0.9000 support level for now. Traders could enter long positions near 0.9000 with a stop below the previous swing low or 0.8920.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY add more gain above 140.00, the pair set to continue the uptrend toward 142.50. However, there is bearish pressure today as the pair fall below Friday’s low. If the pair continues to add more bearish pressure then traders will expect more tests on the 140.00 support level.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50

GBP/CHF

It seems the consolidation inside the yellow box area has not concluded yet. GBP/CHF closed near 1.2000 and start the week with bearish movement. At the current time, the pair has fallen below the previous Friday low. If the pair continues moving lower then the consolidation inside the yellow box is expected to continue.

Today critical levels to watch:

Support: 1.1870, 1.1750, 1.1600

Resistance: 1.2000, 1.2200, 1.2300

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