Forex Technical Cross Pairs Analysis | April 15, 2021

EUR/JPY

EUR/JPY trading sideway inside the blue box area. It seems the uptrend is currently stalled and traders will continue to hold long positions while waiting for a trigger to move the pair. If the pair corrected lower then traders could use the 128.00 and 127.00 levels as the place to enter more long positions.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00, 131.50, 132.00

EUR/GBP

EUR/GBP stuck near the 0.8700 resistance level. The price continues its consolidation and will wait for further reaction. If the pair could break out above 0.8700 and 0.8750 then traders could expect the trend will turn more bullish for the medium-long-term.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY keeps holding its positions near 150.00. We think it is only a matter of time for the pair to bounce from the level and continue its bullish trend. However, traders might want to prepare for the unexpected too. A stop order could be placed below the previous swing low around 148.50

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

Similar to the GBP/JPY situation, GBP/CHF holding out near the support level of 1.2700. The pair continue trading near it and will seek to bounce upward from it. If traders enter long positions then the stop order could be placed below 1.2570 or 1.2500.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2800, 1.2900

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