Forex Technical Cross Pairs analysis February 11, 2020

EUR/JPY

EUR/JPY made a lower close below 120.00 – 120.30 support area. The pair attempted to move back above the area but it got rejected yesterday. At the current time, the pair make another attempt to move above the resistance area. Traders will observe the pair closing level at the end of the day.

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Today critical levels to watch:

Support: 119.20

Resistance: 120.00, 120.30, 121.50

EUR/GBP

Similar to the previous situation, EUR/GBP continues directionless for now and expected to continue movement between 0.8400 and the red trendline. Traders and investors are observing the Brexit impact for now.

today critical levels to watch:

Support: 0.8400, 0.8325

Resistance: 0.8500, 0.8600, 0.8750

GBP/JPY

GBP/JPY halted its drop yesterday and currently start to move higher. It seems the pair will continue to trade near 142.50 for now. Not much clue on the next direction, traders will stay sideline for now in the pair.

Today Critical level to watch:

Support: 141.00, 140.00

Resistance: 142.50, 144.33, 145.00

GBP/CHF

No breakout from 1.2500 – 1.2700 range yet, GBP/CHF will continue to trade inside the range. Traders will continue to apply ranging strategies while waiting for a breakout.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2900, 1.3000

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