Forex Technical Cross Pairs Analysis | June 23, 2022

EUR/JPY

EUR/JPY trading under bearish pressure today before managing to print a new higher high. The pair move lower and soon will reach the 140.50 support level. Traders will observe the pair reaction near support levels for now as the bearish movement has strong momentum. Without bullish reactions, it is better to stay sideline for now.

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 attempting to move upward today but the upward pressure receded and the pair currently trading below the opening level. It seems the pair will close the day near the 0.8580 – 0.8600 area. Traders will monitor the pair reaction near the area for now. If there is a bullish reaction then traders could enter long positions.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8500, 0.8400

Resistance: 0.8700

GBP/JPY

GBP/JPY undergo bearish pressure similar to the situation of EUR/JPY. The pair might test the 164.00 support level soon. Traders will wait for bullish reactions from the level before entering long positions. If the pair continues lower and close below 161.00 then the current bullish trend might turn into a medium-term bearish trend.

Today Critical level to watch:

Support: 165.00, 164.00, 161.00

Resistance: 170.00

GBP/CHF

 

GBP/CHF resume the bearish movement and print a new lower low today. The pair direction will continue bearish and traders will avoid long positions. When the pair start a bullish correction, traders will wait near resistance levels for a chance to enter short positions.

Today’s critical levels to watch:

Support: 1.1600

Resistance: 1.2000, 1.2125

Copyright © 2022. 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.