Forex Technical Cross Pairs analysis April 15, 2020

EUR/JPY

The path is to the lower side for EUR/JPY. The pair made a bullish attempt yesterday but could not close above 117.80. Today, there is bearish pressure which testing yesterday low. If EUR/JPY could close below the previous day low then traders will expect further bearish continuation toward 116.30.

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Today critical levels to watch:

Support: 116.30, 115.80

Resistance: 117.80, 119.20, 120.00

EUR/GBP

EUR/GBP extended its bearish close below 0.8750 and closed near 0.8700. The pair currently making a bullish attempt but still moving inside the previous day range. Will the pair stage rally and close above 0.8750 by the end of the day?

today critical levels to watch:

Support: 0.8700

Resistance: 0.8750, 0.9000, 0.9300

GBP/JPY

The pair show no major bearish reaction from the 135.00 – 136.00 resistance area. However, there is a prospective bearish attempt today which has move below the previous day low. If the bear could close the day below the previous day low then GBP/JPY might start moving lower.

Today Critical level to watch:

Support: 134.50

Resistance: 135.00, 136.00

GBP/CHF

No conclusion yet on GBP/CHF next direction, the pair might move above 1.2000 but it is without major bullish momentum. It might be best to avoid taking positions for now and continue waiting for a further clue in the next direction.

Today critical levels to watch:

Support: 1.2000

Resistance: –

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