Forex Technical Cross Pairs analysis July 15, 2019

EUR/JPY

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EUR/JPY printed a bullish pin bar pattern but the pattern canceled by a major bearish candlestick. The pair currently testing 121.50 support. We expect the consolidation will continue inside the triangle pattern. However, traders could prepare for possible bearish breakout too.

Support: 121.50, 121.00, 120.00

Resistance: 122.00, 123.00, 123.30

EUR/GBP

EUR/GBP continue moving higher slowly and reach the level near trendline in the previous week. There is bearish reaction near the trendline and currently the pair moving lower. If the bearish pressure continues then we could expect EUR/GBP to reach 0.8920.

today critical levels to watch:

Support: 0.8920, 0.8900

Resistance: 0.9000

GBP/JPY

No breakout of 135.00 – 136.00 range yet. GBP/JPY looks will continue its ranging movement between both levels with a bearish bias. Traders could enter short positions whenever bullish correction happen. The best place to look for short is the top trendline.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 137.40

GBP/CHF

GBP/CHF still trapped inside the channel and recently rejected from the top of the channel. Without any change in the direction, the pair expected to reach 1.2300 soon. If the pair closed below 1.2300 then we could expect GBP/CHF to continue its movement inside the bearish channel.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500

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