Forex Technical Cross Pairs analysis February 25, 2020

EUR/JPY

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EUR/JPY reversed its direction before it could reach the 121.50 resistance. The pair currently lower below 120.00 support level. If it closed below the support level then it is expected to extend the bearish movement toward 119.20. On the other hand, if a close inside 120.00 – 120.30 happens then EUR/JPY might attempt to move higher and target 121.50 again.

Today critical levels to watch:

Support: 120.00, 119.20

Resistance: 120.30, 121.50

EUR/GBP

The consolidation inside 0.8325 – 0.8400 continue and EUR/GBP will wait for a breakout of the range. At the current time, the bear is in control and the pair might test the bottom of consolidation soon. Without any breakout, the pair will continue trading inside the range.

today critical levels to watch:

Support: 0.8325, 0.8120

Resistance: 0.8400, 0.8500, 0.8600

GBP/JPY

GBP/JPY return near 142.50 after the rejection from 145.00. It means no change to the medium-long-term outlook yet in the pair. Similar to the previous analysis, the pair might trade up and down but in the end, it will return near 142.50 or the equilibrium level.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

No conclusive movement yet in GBP/CHF. The pair stuck near 1.2700 and expected to continue its consolidation near the level. The pair range span between 1.2500 – 1.2900 and traders could use the range to apply ranging positions for now.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2700, 1.2900, 1.3000

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