Forex Technical Cross Pairs Analysis | December 07, 2020

EUR/JPY

EUR/JPY hanging on the top not far from 127.00 resistance level. The pair expected to add more bullish pressure toward the resistance level and looking for a breakout. If the pair could not break out above 127.00 then it will continue the long-term sideways trend inside the orange area.

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Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00

EUR/GBP

EUR/GBP sharply higher after the bounce from 0.9000 level. The pair reached the green box area and completed the first target. Under current bullish pressure, it seems the pair could extend its bullish movement and target 0.9300 next.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9100, 0.9300

GBP/JPY

GBP/JPY was rejected from the 140.00 resistance level and almost touch the flip level 137.75. If the pair breakout below 137.75 then the bullish scenario above 140.00 will be canceled. At the current time, traders will monitor the reaction near 137.75. As long as no lower low printed, GBP/JPY still has a chance to move upward and target the level above 140.00.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

It is up to the bull to continue its bullish movement in GBP/CHF or let the bear take over and bring the pair below 1.1750. At the current time, GBP/CHF is testing the trendline. Traders might want to observe the closing level of the pair before deciding on the next direction.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000, 1.2200, 1.2300

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