Forex Technical Cross Pairs analysis February 19, 2020


Free $100 Forex No-Deposit Bonus

EUR/JPY closed lower in the previous trading day and set to continue its bearish trend toward 117.80. There is a limited bullish attempt today. If the pair continue moving higher then 119.20 and 120.00 – 120.30 will become the target level to watch. Traders could enter short positions when the pair tested 119.20, 120.00 – 120.30 and formed a bearish pattern.

Today critical levels to watch:

Support: 117.80

Resistance: 119.20, 120.00, 120.30


It is up to the bear now after EUR/GBP closed on the bearish side yesterday. The test on 0.8325 has given traders a result. If the bear pushed the price below the previous day low then EUR/GBP might continue its bearish movement toward 0.8120.

today critical levels to watch:

Support: 0.8325, 0.8120

Resistance: 0.8400, 0.8500, 0.8600


It is hard to become enthusiastic in GBP/JPY as the pair momentum movement always dies before it could make the significant distance from 142.50. The pair made bullish bounce yesterday and expected to surpass Monday high. However, at the end of day, the pair retraced and closed near its opening level. Today, there is another bullish attempt but no high high printed yet.

We think GBP/JPY will continue its movement near 142.50

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00


The long positions could be taken near 1.2700 if there is a bearish correction. GBP/CHF managed to bounce from the level near 1.2700 yesterday. Initially, it looked moderately bullish, however, the bull could not execute a close above Monday high. The outlook is cautious bullish and we still expect the pair will reach 1.2900.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.