Forex Technical Cross Pairs Analysis | June 22, 2022

EUR/JPY

EUR/JPY continues the bullish movement without much trouble. The pair hanging near the high and there is no weakness sign. Traders who have long positions could continue to hold the positions or start taking part of the profit out of the table. On the upside, the pair is expected to target the 148.50 – 151.50 area in the long term.

Today’s critical levels to watch:

Support: 140.50, 137.40, 135.00, 134.50

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP slowly cross the 0.8580 – 0.8600 to the upside. The pair soon will continue the bullish movement to retest the 0.8700 resistance level. Under the current situation, a close below 0.8580 before 0.8700 is reached might become a major bearish indication. Traders will put a stop level below the previous swing low for now.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY continues the bullish movement, following EUR/JPY lead. The latest lower low printed near the 161.00 support level. If the pair could print a new higher high then it will confirm that the bullish trend has not stopped yet. The next higher low might be printed near the 164.00 when a bearish correction happens.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

 

GBP/CHF moving lower and printing a new lower low on the chart. The pair keep moving lower without significant bullish correction. Traders could only wait for a bullish correction to happen for a chance to enter short positions near the resistance levels. On the upside, 1.2000 is the level to watch for short positions.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125

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