Forex Technical Cross Pairs analysis March 24, 2020

EUR/JPY

EUR/JPY opening the chance to continue its upward movement toward the top of the channel. Currently, the price is testing the 120.00 – 120.30 resistance area. If the bull could close the price above the area then traders will expect further upside continuation.

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When the pair reach the top of the channel, traders could consider short positions.

Today critical levels to watch:

Support: 119.20, 117.80, 115.80

Resistance: 120.00, 120.30

EUR/GBP

It only took a moment for EUR/GBP to make a bearish correction to test 0.9000 and bounce from it. The pair closed higher yesterday and closed near 0.9300. If the pair could continue to maintain the bullish pressure then we might have a breakout above 0.9300 and bullish continuation.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY stick inside 128.20 – 130.00 area and show bullish sign today. Without any breakout of the range, traders will expect the pair to continue consolidation. No confirmation yet at the current time, the pair might reverse and closed inside the range again today.

Today Critical level to watch:

Support: 128.20, 125.00

Resistance: 130.00

GBP/CHF

GBP/CHF continues pressuring 1.1200 support level yesterday but the bull manage to push the pair from the low. Today, there is a bullish pressure build-up. If the bull could push the price higher with strong momentum then traders will expect a bullish correction to happen.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000

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