Forex Technical Cross Pairs Analysis | February 23, 2021

EUR/JPY

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EUR/JPY bullish trend above 127.00 has been confirmed but the pair still need to maintain a position above the level by the end of the month. At the current time, the pair is limited below the 128.00 resistance level. If the pair make a bearish correction toward 127.00 then traders could consider entering long positions.

Today critical levels to watch:

Support: 127.00, 125.00

Resistance: 128.00

EUR/GBP

EUR/GBP constantly trades lower without any strong bullish reaction. Traders will continue waiting sideline or hold short positions for now. The pair might continue moving lower and target the 0.8500 support level in the medium-long-term.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY stuck near 147.50 resistance level while maintaining bullish pressure. The pair has 140.00 as a target next but traders will prepare for possible bearish correction too. If the pair started a bearish correction then 145.00 will become the support level to watch.

Today Critical level to watch:

Support: 147.50, 145.00

Resistance: 150.00

GBP/CHF

GBP/CHF bullish streak extended for the seventh day and there is no sign of weakness yet. The pair might keep building bullish pressure and eventually reach the 1.2700 resistance level. If the pair make a bearish correction toward 1.2500 then traders could prepare to enter long positions.

Today critical levels to watch:

Support: 1.2500, 1.2300, 1.2200, 1.2000

Resistance: 1.2700

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