Forex Technical Cross Pairs Analysis | July 22, 2021

EUR/JPY

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EUR/JPY returns to the orange and blue box area. The pair’s bullish attempt seems halted at the blue box area and is currently under bearish pressure. Traders will continue to keep a close eye on the pair movement inside the box area and waiting for a breakout to determine the next direction.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP could not continue its bullish movement to target 0.8700. The pair reversed the direction and fall with strong bearish momentum. At the current time, the pair is trading near the broken trendline. The pair need to bounce from the trendline and close above 0.8600 to continue its bullish trend. Otherwise, the pair might move lower and return inside the trendline range to continue the bearish trend.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY made a bullish pin bar pattern yesterday and the pair breakout above the pattern high today. The breakout seems to have strong momentum and might translate into continuation toward the 153.50 resistance level. Despite the situation, we have a lower high and lower low which means the short-term trend is bearish. Without a higher high printed above 153.50, then there is further risk of bearish continuation.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF bounced from the 1.2500 support level and the trendline. The pair’s upward movement has moderate momentum and might be able to reach the 1.2700 level. On the upside, 1.2800 continues to become the key level to break for the pair to continue its bullish trend.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2800, 1.2900

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