Forex Technical Cross Pairs Analysis | March 20, 2023

EUR/JPY

EUR/JPY continues maintaining the position near the 140.50 level. There were breakouts below the level but the pair managed to close the day above the level. If the pair could bounce with strong bullish reactions then there is a chance of upward continuation to t

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Today’s critical levels to watch:

Support: 142.75, 140.50, 137.40, 135.00

Resistance: 145.00, 148.50, 151.50

EUR/GBP

EUR/GBP sticks near the 0.8750 level and there is no major bearish close below the level yet. The pair might continue consolidating near the level and traders will wait for further reactions. If the pair could bounce with strong bullish reactions then traders will prepare for continuation toward 0.8900 and 0.9000.

Today’s critical levels to watch:

Support: 0.8750, 0.8700, 0.8600, 0.8580

Resistance: 0.8900, 0.9000

GBP/JPY

GBP/JPY trade near the green box area now and will wait for further reactions. If the pair could move upward with strong bullish momentum then there is a chance of bullish continuation. On the other hand, if the pair continues moving lower and print a new lower low below the green box area then the bearish trend will continue.

Today’s Critical level to watch:

Support: 156.58, 153.50

Resistance: 161.00, 164.00, 168.50, 170.00

GBP/CHF

GBP/CHF is mostly higher and currently testing the top trendline. The pair will attempt to breakout and close above the trendline to continue the current bullish movement. If the pair could print a new higher high then it will become another confirmation that the trend might have changed from bearish to bullish.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1200, 1.1530, 1.1600, 1.1750

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