Forex Technical Cross Pairs Analysis | July 21, 2021

EUR/JPY

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EUR/JPY continues further lower yesterday but the pair managed to recover and closed on the bullish side. At the current time, the pair is trading below the orange box area and is expected to continue its bearish movement. If the pair could trade above the orange box area again then there is a chance for the bullish bounce.

Meanwhile, EUR/JPY is expected to target 128.00 and 127.00 if there is no bullish follow-through.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP breakout above the trendline also 0.8600 and maintain the positions above both levels. The pair might continue upward and reach the 0.8700 resistance level next. If the pair make a bearish correction toward 0.8600 then traders could use the chance to enter long positions.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY printed a pin bar pattern yesterday near the 150.00 level. The pair currently trading below the level and looking to bounce from it. If the pair could move upward with strong bullish momentum and close above 150.00 then there is a chance for a bullish reversal.

Today Critical level to watch:

Support: 147.50, 145.00

Resistance: 150.00, 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF made a small bounce from the 1.2500 support level also the trendline yesterday. It might be a temporary reaction before further downside. However, traders could enter speculative long positions with stops below the previous day’s low.

Today critical levels to watch:

Support: 1.2500, 1.2300

Resistance: 1.2600, 1.2700, 1.2800, 1.2900

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