Forex Technical Cross Pairs analysis February 14, 2020

EUR/JPY

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EUR/JPY made further bearish close yesterday below 119.20 support level. The pair might continue its downward movement and target the next support level at 117.80. Traders could use 119.20 as a level to take short positions when the pair test it.

Today critical levels to watch:

Support: 117.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/GBP slipped below 0.8400 and 0.8325 without much trouble. The pair traded near previous year low and in-risk of further weakness. If a breakout below the previous year low happens then EUR/GBP might slide with strong bearish momentum toward 0.8120.

today critical levels to watch:

Support: 0.8325

Resistance: 0.8400, 0.8500, 0.8600

GBP/JPY

GBP/JPY extend its bullish close yesterday but might continue trade near 142.50 level. Not much to expect at the current time. If the pair start moving lower then it will continue to stick near 142.50 and traders will continue sideline.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

GBP/CHF finally breakout of 1.2500 – 1.2700 range and close above it. The pair might target 1.2900 if it continues the upward movement. Traders could use 1.2700 as the level to take long positions.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

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