Forex Technical Cross Pairs analysis December 03, 2019

EUR/JPY

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The pair bullish streak stopped yesterday and we have a bearish correction in play. EUR/JPY might move lower and target 120.00 – 120.30 area to look for support. Traders could prepare for long positions when the pair reach the level and form a bullish pattern.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

EUR/GBP turned lower today, is it the time for bearish continuation? As the long-term trend of the pair is bearish then the bearish trend may resume. It is better to avoid long positions for now until the pair reach 0.8400.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8600, 0.8750, 0.8800

GBP/JPY

The pair could not extend its bullish movement and stuck near the high. We think the bullish trend will continue and the pair eventually will reach 142.50 and higher. If the pair make bearish pullback then traders could start looking for long positions near 140.00.

Today Critical level to watch:

Support: 141.00, 140.00, 137.00, 136.00

Resistance: 142.50, 145.00

GBP/CHF

A bearish rejection from 1.2900 could mean the start of a bearish correction in GBP/CHF. But it could also mean profit-taking before further upside in the pair. Similar to GBP/JPY there is no clue yet in the next direction but we think the pair trend is bullish.

Wait until pullback happens and add long positions.

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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