Forex Technical Cross Pairs Analysis | April 14, 2023

EUR/JPY

EUR/JPY continues the bullish movement without any bearish reactions. The pair could continue upward and target the 148.50 – 151.50 resistance area. If the pair make a bearish correction then traders could enter long positions near the broken 145.50 level. As the pair continue printing a new higher high and higher low, traders better stick with long positions.

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Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP building more bullish pressure and continue trading upward. If there is no change to the situation then the pair could continue the bullish movement toward 0.8920 and 0.9000 resistance levels. At the current time, the pair range span between 0.8750 – 0.9000, and close outside of the range will confirm the next direction of the pair.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY set a new higher high which might confirm upward continuation toward the 168.50 resistance level. On the lower side, 164.00 will act as a support level when a bearish pullback happens. On the upside, a close above 168.50 and a new higher high will confirm the long-term bullish continuation.

Today’s Critical level to watch:

Support: 164.00, 161.00, 160.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF losing more ground below the 1.1200 support level and will attempt to print a new lower low on the chart. If the pair print a new lower low then the bearish trend will continue. On the upside, 1.1200 and the trendline will become the resistance levels to watch when a bullish attempt happens.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750

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