Forex Technical Cross Pairs Analysis | July 23, 2021

EUR/JPY

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EUR/JPY movement is limited inside the orange box area. The pair attempting to enter the blue box area but got rejected. No breakout of the box area for now. Traders will continue to monitor the pair reaction inside the box area. If the pair make a close below the orange box area then traders will prepare for bearish continuation toward 128.00 and 127.00.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

A bearish close below the trendline happened which means EUR/GBP return to its bearish track. At the current time, the pair attempting to building bullish pressure to breakout above the trendline again. Will the pair manage to breakout and continue upward to close above 0.8600?

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8600, 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY bullish bounce from the 150.00 support level brought the pair to the positive side on the weekly basis. The pair currently trading at the weekly opening level and will attempt to maintain the level near it. Next week, we might see a bullish continuation and the pair might target the 153.50 resistance level.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF continues its bullish recovery and soon will reach the 1.2700 level. No conclusion yet on the pair’s next long-term direction. However, the pair is in a bearish trend, making lower low and lower high on the daily chart. If the pair get rejected from 1.2700 and breakout below the trendline then we might see a bearish continuation.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2800, 1.2900

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