Forex Technical Cross Pairs analysis August 13, 2019

EUR/JPY

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Forex Technical Cross Pairs analysis August 13, 2019

EUR/JPY tested 117.80 and make a sharp bounce today, erasing all of the losses happened in the previous week. The pair upward movement has strong momentum and might extend toward 120.00. Traders might want to wait for a further clue in the next direction, long positions might have more potential to succeed but traders might want to be careful as the overall trend is bearish.

Support: 117.80

Resistance: 120.00, 121.00

EUR/GBP

Forex Technical Cross Pairs analysis August 13, 2019Forex Technical Cross Pairs analysis August 13, 2019

No much reaction from the 0.9300 resistance yet. The pair slightly lower in the previous trading session but managed to stick near the resistance level by the end of the day. Today, there is bearish pressure but the pair recovered to near its opening level. We might see another close near 0.9300 resistance today.

today critical levels to watch:

Support: 0.9200, 0.9000

Resistance: 0.9300

GBP/JPY

Forex Technical Cross Pairs analysis August 13, 2019

GBP/JPY stage a rally today and currently testing 128.20 resistance. The pair might extend its gain toward 130.00 resistance if it could close above 128.20. Moreover, if the pair could close above 130.00 then it might reverse current short-term bearish trend into bullish.

Today Critical level to watch:

Support: 127.00, 125.00

Resistance: 128.20, 130.00, 132,00

GBP/CHF

Forex Technical Cross Pairs analysis August 13, 2019

No major change in GBP/CHF direction yet. The pair bounce from the low today and might continue upward to test the bearish channel. Traders will continue to monitor the price movement and stay sideline for now until the pair reach the channel.

Today critical levels to watch:

Support: –

Resistance: 1.2000, 1.2300

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