Forex Technical Cross Pairs Analysis | March 03, 2021

EUR/JPY

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EUR/JPY bounced from the level near 128.00 and currently trade near the top of the bullish channel. The long-term trend will continue to stay bullish as long as the pair stays above the orange box area. At the current time, trades will continue to trade the pullback to add more long positions.

Today critical levels to watch:

Support: 128.00, 127.00, 125.00

Resistance: 130.00

EUR/GBP

EUR/GBP long-term trend is bearish but it seems the pair currently turned sideways. If the pair started a bullish correction then traders will use the 0.8700 – 0.8750 area to enter short positions. On the lower side, 0.8500 is the target.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8700, 0.8750, 0.8860

GBP/JPY

GBP/JPY situation is the same as the previous day, the pair currently keep building bullish pressure and will attempt to break out above 150.00. The pair range span between 147.50 – 150.00 and traders could use the bottom of the range to enter long positions. However, if bearish pressure continues to mount then a pullback toward 145.00 might happen.

Today Critical level to watch:

Support: 147.50, 145.00

Resistance: 150.00

GBP/CHF

GBP/CHF show no weakness yet, the pair currently pressuring the 1.2800 resistance level. In the medium-long-term, we think the pair could reach 1.3000 or higher. If a bearish pullback happens then 1.2500 is the level to watch for long positions.

Today critical levels to watch:

Support: 1.2700, 1.2500, 1.2300

Resistance: 1.2800, 1.2900, 1.3000

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