Forex Technical Cross Pairs analysis July 31, 2019

EUR/JPY

EUR/JPY sticks near the trendline at the end of the previous day. Today the pair might continue stay sideline near the resistance level and 121.50. Traders are observing the Fed interest-rate decision. Will the pair return above 121.50? Alternatively, will it get rejected and resume its bearish movement?

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Support: 120.00

Resistance: 121.00, 121.50, 122.00

EUR/GBP

EUR/GBP has launched to the sky and it will be hard to get the clue for the next direction. The pair could continue upward and target the next resistance at 0.9300. Meanwhile, if the bearish correction happens then traders could look for long positions near the area of the channel.

today critical levels to watch:

Support: 0.9000, 0.8920, 0.8900

Resistance: 0.9200, 0.9300

GBP/JPY

GBP/JPY closed the day on the bearish side and extend the bearish close to three days. The pair has a more potential downside to reach 130.00. It is better to avoid long positions for now and enter short positions when bullish correction happen.

Today Critical level to watch:

Support: 132,00, 130.00

Resistance: 134.00, 135.00

GBP/CHF

GBP/CHF reached the level near 1.2000 and closed below the bearish channel. The overall direction is bearish but depends on today the Fed interest-rate decision, GBP/CHF could stage a rally from the current level and attempting to reverse the bearish trend.

Today critical levels to watch:

Support: 1.2000

Resistance: 1.2300, 1.2500

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