Forex Technical Cross Pairs analysis December 02, 2019

EUR/JPY

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EUR/JPY on the path higher and have five days bullish streak. Today, the bullish streak continues and we might have sixth days bullish close. In the medium-term we expect EUR/JPY to reach 121.50 resistance before deciding the next direction. Traders might want to wait until the pair reach resistance to enter positions.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

EUR/GBP slopped upward today as the U.S dollar pullback lower. Euro gained against the U.S dollar while Pound sterling unchanged before the UK election. Even though bullish, EUR/GBP might have trouble to remove the resistance before the UK election finished.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8600, 0.8750, 0.8800

GBP/JPY

GBP/JPY has removed the resistance and on the path higher. The pair expected to reach 142.50 and 145.00 on the upside. Today, the pair slightly lower and looks will close near the previous day low. Traders could prepare to enter long positions when the pair move lower near 140.00.

Today Critical level to watch:

Support: 141.00, 140.00, 137.00, 136.00

Resistance: 142.50, 145.00

GBP/CHF

Despite the bullish close above 1.2900 in the previous week, GBP/CHF lost ground at the beginning of the week. The pair as breached below Friday low and looks will extend its bearish movement. It is better to stay out of short positions for now as GBP/CHF is closer to the resistance and might breakout above it.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000, 1.3060

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