Forex Technical Cross Pairs analysis December 06, 2019

EUR/JPY

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EUR/JPY corrected lower and might test the 120.00 – 120.30 support level again. At the end of the week, if the pair could maintain the position above the support area then we will expect further upside next week. Traders will prepare for long positions when there is a bullish reaction.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

No change to the outlook, we are expected EUR/GBP to reach 0.8400 support level before a possible change of direction. When the pair reach the support level then it might consolidate while waiting for the next direction. Long positions near 0.8400 after a bullish pattern formed might be a safe option.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8600

GBP/JPY

GBP/JPY closed above 142.50 and on track higher. The pair tested the level today and bounce from it. If we have a close above 142.50 by the end of the day then GBP/JPY might stay bullish next week.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 145.00

GBP/CHF

GBP/CHF add more gain after the close above 1.2900 and target 1.3060 resistance. This week, the pair seems will close between 1.2900 – 1.3060 and continue higher in the coming week. Traders will observe the pair reaction near 1.3060 next week.

Today critical levels to watch:

Support: 1.2900, 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.3000, 1.3060

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