Forex Technical Cross Pairs analysis July 09, 2020

EUR/JPY

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EUR/JPY could not breakout from the 121.50 resistance level yet. The pair continue to stick near the resistance level for now. Unless a breakout and close happen above the level, EUR/JPY might start moving lower again and targe the 120.00 – 120.30 area.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

It seems EUR/GBP losing more ground below 0.9000 and cancel its bullish outlook. The pair now projected will continue lower toward the 0.8920 support level. Traders could consider to enter long positions when the pair reach the level and form a major bullish pattern.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000, 0.9300

GBP/JPY

GBP/JPY extend its bullish movement inside the 135.00 – 136.00 area. If the pair could breakout above the area then we will see bullish continuation which could reach 140.00. Traders will monitor the pair reaction inside the 135.00 – 136.00 area for now.

Today Critical level to watch:

Support: 135.00, 133.00, 132.50

Resistance: 136.00

GBP/CHF

GBP/CHF reached the 1.1870 resistance level today. As mentioned in the previous analysis, the 1.1870 and 1.2000 resistance level could be used a level to take short positions. Traders will wait for bearish reaction from the level at the current time.

Today critical levels to watch:

Support: 1.1700, 1.1500

Resistance: 1.1867, 1.2000

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