Forex Technical Cross Pairs analysis August 13, 2020

EUR/JPY

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EUR/JPY printed higher high and closed above the previous week high. The pair set to continue moving upward and reach 127.00 resistance level. If the pair make the bearish correction then traders could use 125.00 as a level to look for long positions.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP bounced from the 0.9000 support level. The pair might start another bullish leg after the bullish bounce. However, traders will wait for further bullish confirmation above previous week high.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

No major bearish reaction in GBP/JPY yet. The pair continues moving upward slowly. Without any change in the sentiment, GBP/JPY set to reach 140.00 resistance soon.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00

GBP/CHF

GBP/CHF bearish momentum managed to reach 1.1870 support level yesterday. The pair range currently spans between 1.1870 – 1.2000. No change to the outlook yet which trade inside the range. Traders will continue waiting for a breakout before deciding the next direction.

Today critical levels to watch:

Support: 1.1867, 1.1750, 1.1730

Resistance: 1.2000

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