Forex Technical Cross Pairs analysis March 19, 2020

EUR/JPY

EUR/JPY bounced from 117.80 support level and reach the 119.20 resistance. However, there is a rejection reaction from the resistance level and the pair currently traded in the middle of the range. No clue yet on the pair next direction, traders will assume the pair will range between 117.80 – 119.20 for now.

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Today critical levels to watch:

Support: 117.80, 115.80

Resistance: 119.20, 120.00, 120.30

EUR/GBP

EUR/USD broke above 0.9300 and close higher yesterday. It manages to test the level near 0.9500 before turn lower today. At the current time, EUR/GBP sticks near 0.9300 waiting for a reaction. Will the pair bounce from 0.9300 and continue its upward movement?

today critical levels to watch:

Support: 0.9300, 0.9000, 0.8921

Resistance: 0.9500

GBP/JPY

A bounce finally happens near 125.00 and GBP/JPY reaches 128.20 resistance level. Although the pair looks bullish, the direction continues bearish. It is better to watch the pair reaction and enter short positions when the pair could not move above 128.20 or 130.00

Today Critical level to watch:

Support: 125.00

Resistance: 128.20, 130.00

GBP/CHF

GBP/CHF found temporary bottom at 1.1200 today as the pair bounce from it. There is no change to the direction of the pair yet which pointed to the downside. Long positions are for short-term and short positions better taken at a higher level.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000

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