Forex Technical Cross Pairs Analysis | June 10, 2021

EUR/JPY

Free $100 Forex No-Deposit Bonus

EUR/JPY made a bullish close near the 133.50 resistance level. The pair continues its bullish movement above the 133.50 resistance level but losing momentum. At the current time, the pair is trading lower and testing the previous day’s low. A close below the level might trigger bearish correction to target 131.50 – 132.00 area and the bottom of the channel.

Today critical levels to watch:

Support: 132.00, 131.50, 130.00

Resistance: 133.50, 135.00

EUR/GBP

No major change in EUR/GBP movement yet. The pair continue trading near the 0.8600 support level. There is bearish pressure today near the level but no breakout yet. As long as the pair not making a new lower low or lower close below the level then it is expected to continue consolidation.

today critical levels to watch:

Support: 0.8600, 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY continues its consolidation at the middle of 153.50 – 156.58. We will continue waiting for the pair to reach either 153.50 or 156.58 first before determining its next direction. Trades who have long positions will continue to keep holding the positions for now.

Today Critical level to watch:

Support: 153.50, 152.00

Resistance: 156.58

GBP/CHF

GBP/CHF broke below 1.2700 and made a bearish close yesterday. The pair seems ready to continue its bearish movement and target 1.2500. However, there is a bullish reaction today which brings the pair back near 1.2700. No clear direction yet where the pair will move next, traders better wait for a further reaction from the 1.2700 level.

Today critical levels to watch:

Support: 1.2600, 1.2500, 1.2300

Resistance: 1.2700, 1.2800, 1.2900

Copyright © 2021. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.