Forex Technical Cross Pairs Analysis | January 14, 2021

EUR/JPY

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EUR/JPY losing more ground from the 127.00 resistance level. The pair soon will test the nearest horizontal level shown on the daily chart. If the pair closed below the horizontal level then traders will expect further pullback toward 125.00.

Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

The pair direction continues to be bearish below 0.8920. There is no hope for a bullish bounce as the pair soon will test the November and September low. Further weakness below the level will trigger long-term bearish continuation. If the pair will cancel its bearish pressure, it needs to climb and close above 0.8920.

today critical levels to watch:

Support: 0.8920, 0.8850

Resistance: 0.9000, 0.9100, 0.9300

GBP/JPY

GBP/JPY attempted to move toward 142.50. The pair initially could move upward but no touch on the resistance level yet. At the current time, the pair is trading near its opening level. If the pair start moving lower then traders will prepare for long positions near 140.00.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF keeps building bullish pressure above the yellow box area. The pair is testing the trendline resistance at the current time and will look for a breakout. If the pair extends its bullish movement then it will target the 1.2300 resistance level next.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300

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