Forex Technical Cross Pairs analysis June 29, 2020

EUR/JPY

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EUR/JPY supported near the 120.00 – 120.30 area and formed a bullish pin bar pattern last week. The pair has bullish follow-through today and jumped with moderate bullish momentum. If the pair could maintain the bullish pressure then traders will expect the pair to target 121.50 resistance.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20

Resistance: 121.50, 123.30

EUR/GBP

EUR/GBP on the upward path without trouble, the pair set to continue its bullish trend and target 0.93000. At the current time, traders might want to stay sideline if no holding long positions. Short positions are not suggested at least until the pair reaches a higher resistance level.

today critical levels to watch:

Support: 0.9000, 0.8920

Resistance: 0.9300

GBP/JPY

GBP/JPY made bearish close on the Friday trading session below the 132.50 support level. It seems the pair might continue its bearish movement toward the 130.00 support level or lower. Trades could consider entering short positions near the 132.50 – 133.00 area.

Today Critical level to watch:

Support: 130.00

Resistance: 132.50, 133.00, 135.00, 136.00

GBP/CHF

GBP/CHF extends its bearish trend which means there is no change to the analysis yet. The pair could continue moving lower and traders should stay sideline for now.

Today critical levels to watch:

Support: 1.1500

Resistance: 1.1700, 1.1867

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