Forex Technical Cross Pairs Analysis | December 08, 2022

EUR/JPY

EUR/JPY made another bullish attempt today though yesterday the pair made a neutral close. On the upside, the pair needs to close above the trendline to confirm a bullish continuation. If the pair get rejected and start moving lower again then 140.50 is the level to watch as a support level.

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Today’s critical levels to watch:

Support: 140.50, 137.40

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP mostly sideways near the 0.8580 – 0.8600 area. The pair currently maintaining the positions near the area and will wait for further reactions. If the pair make a bearish movement and close below the area then traders will expect a continuation of the bearish trend to target 0.8400.

Today’s critical levels to watch:

Support: 0.8600, 0.8580

Resistance: 0.8700, 0.8750, 0.8900, 0.9000

GBP/JPY

GBP/JPY is currently at the middle of 164.00 – 168.50 and might continue sideway. Traders will wait for the pair to make a breakout and close outside of the 164.00 – 168.50 area to confirm the next direction. Meanwhile, traders could use the range to apply range trading strategies.

Today Critical level to watch:

Support: 164.00, 161.00, 156.58, 153.50

Resistance: 168.50, 170.00

GBP/CHF

GBP/CHF is slightly lower from the 1.1530 – 1.1600 area. The pair has not made a major bearish reaction or strong bullish movements. We might see the pair continue its consolidation near the area. The pair need to print a new higher high to confirm bullish continuation. on the lower side, a close below 1.1200 is a major bearish confirmation.

Today’s critical levels to watch:

Support: 1.1200, 1.0500, 1.0000

Resistance: 1.1530, 1.1600, 1.1750

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