Forex Technical Cross Pairs analysis August 10, 2020

EUR/JPY

Free $100 Forex No-Deposit Bonus

EUR/JPY continues to add more gain and closed above 125.00. However, the pair showed a bearish reaction last week on Friday. At the current time, there is no bearish follow-through yet, and the pair stick near the 125.00. If the pair could continue to add more bullish pressure then the pair might continue upward to reach 127.00.

If the pair make the bearish correction then traders could use 123.30 and 121.50 as the levels to take long positions.

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00

EUR/GBP

EUR/GBP maintained the positions above 0.9000 but no major bullish reaction from the level yet. At the current time, the pair might continue trading sideways near the level. As long as there is no major bearish pressure and close below 0.8920, EUR/GBP expected to continue its bullish trend.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY mostly sideways last week without strong progress toward 140.00. Today, the pair continues its sideways movement without indication of the next direction. Traders who have long positions will continue to hold the positions with 140.00 as a target.

On the other hand, if the pair start moving lower then 135.00 – 136.00 area will become the target.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

GBP/CHF mostly ranging between 1.1870 – 1.2000 last week. This week, the pair expected to continue its ranging movement inside the range with a bullish bias. Traders will continue waiting for breakout before placing any major positions.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.