Forex Technical Cross Pairs analysis July 12, 2019

EUR/JPY

Free $100 Forex No-Deposit Bonus

Forex Technical Cross Pairs analysis July 12, 2019

EUR/JPY closed the previous trading day as a bullish pin bar. The pattern indicates a possible bullish continuation in the coming days. However, there is lack of bullish movement today and the pair might start losing altitude again. No change to the outlook yet for EUR/USD, the pair will continue trade inside a triangle pattern and ranging between 121.50 – 123.30.

Support: 122.00, 121.50, 121.00, 120.00

Resistance: 123.00, 123.30

EUR/GBP

Forex Technical Cross Pairs analysis July 12, 2019

EUR/GBP traded lower yesterday but managed to recover and close near Wednesday low. The pair is not ready for bearish correction and should continue its direction upward to test the top trendline. At the current time, there is nothing to do aside from waiting the resistance tested.

today critical levels to watch:

Support: 0.8920, 0.8900

Resistance: 0.9000

GBP/JPY

Forex Technical Cross Pairs analysis July 12, 2019

GBP/JPY formed a range between 135.00 – 136.00 and the pair currently stuck inside it. Traders could use the moment to trade the range with a bearish bias. However, previous day bullish pin bar pattern might put traders under caution. If the pair could continue higher and close above the pattern high then it is better to avoid short positions.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 137.40

GBP/CHF

Forex Technical Cross Pairs analysis July 12, 2019

The major question to ask in GBP/CHF is whether the pair will continue inside the bearish channel or breakout above it. At the current time, no confirmation of breakout or rejection yet. Traders could use 1.2300 as the level to look for a long position if a test produces a bullish pattern.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.