Forex Technical Cross Pairs Analysis | January 19, 2021

EUR/JPY

EUR/JPY bounced from the 125.00 support level with strong bullish momentum. The pair currently moving upward and soon will test the Friday high. If the pair could continue building bullish pressure then traders will expect another test on 127.00 resistance level.

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Today critical levels to watch:

Support: 125.00, 123.30

Resistance: 127.00, 128.00

EUR/GBP

The pair avoided further lower low printed on the daily chart. At the current time, the pair attempting to move upward and testing the 0.8920 level. If the pair could close above 0.8920 then a bullish rally might happen toward 0.9000. On the other hand, if a close below the level around 0.8860 happens then traders will prepare for bearish continuation.

today critical levels to watch:

Support: 0.8860

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY showed a bullish reaction before the pair could reach the 140.00 support level. The pair seems to attempt to move upward and target the 142.50 resistance level again. Traders could continue waiting until the pair reach 140.00 to enter long positions on bullish reaction. on the upper side, traders will avoid short positions as GBP/JPY trend is bullish for now.

Today Critical level to watch:

Support: 140.00, 137.75

Resistance: 142.50, 145.00

GBP/CHF

GBP/CHF was rejected from the top trendline but no bearish follow-through yet. The pair currently hovering near the top trendline and waiting for further reaction. If the pair moves lower then traders will wait near the yellow box area or the bottom trendline to place long positions.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750, 1.1600

Resistance: 1.2200, 1.2300

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