Forex Technical Cross Pairs analysis January 13, 2020

EUR/JPY

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The pair closed above 121.50 and continue its bullish movement. At the current time, no stop to the bullish sentiment and traders could continue to hold long positions. If a test on 121.50 happens then traders could add more long positions on bullish reaction.

Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 122.00

EUR/GBP

EUR/GBP started the bullish movement at the start of this week. The pair breakout above the triangle pattern and soon will test the red trendline. The overall trend of EUR/GBP is still bearish as long as there is no higher high and higher close printed on the chart. Traders who take long positions might want to proceed with high caution.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8750

GBP/JPY

Another test on 142.50 is under progress. GBP/JPY expected to stick near the level until the next direction settled. Traders could look for long positions with a tight stop below the previous swing low.

Today Critical level to watch:

Support: 142.50, 141.00, 140.00

Resistance: 144.33, 145.00

GBP/CHF

GBP/CHF unexpectedly falls below 1.2700 support level today. Despite the successful attempt by the bull to close the pair near 1.2700 the bear gaining upper hand now. At the current time, GBP/CHF might continue its downward movement to target 1.2500.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2900, 1.3000, 1.3060

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