Forex Technical Cross Pairs analysis March 26, 2020

EUR/JPY

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EUR/JPY moving further higher and closed above 120.30 yesterday. However, the pair lose upward momentum and move down before it reaches the top of the channel today. At the current time, the pair is testing the 120.30 support level. As long as the pair maintain the close above 120.00 – 120.30, it is possible for further bullish pressure.

Today critical levels to watch:

Support: 120.30, 120.00, 119.20, 117.80

Resistance: 121.00

EUR/GBP

EUR/GBP rejected from the 0.9300 and expected to continue its consolidation inside the 0.9000 – 0.9300 area. No change to the outlook, we could see the high slowly gets lower and showing us compression in price. As the medium-trend is bullish, traders will expect more bullish pressure than bearish pressure.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY extends its bullish movement above the 130.00 level yesterday. The pair bullish correction might extend toward 135.00 – 136.00 resistance area. Currently, there is bearish pressure toward 130.00, traders could consider to enter long positions near the level.

Today Critical level to watch:

Support: 130.00, 128.20, 125.00

Resistance: 132.00, 135.00

GBP/CHF

No major change in the GBP/CHF movement yet, the pair slowly edge higher and looking to continue its bullish correction toward 1.2000. The overall trend is bearish, traders suggested avoiding long positions for now.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000

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