Forex Technical Cross Pairs analysis March 27, 2020

EUR/JPY

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EUR/JPY significantly lower today without touching the top of the channel. However, we could regard the current bearish movement as rejection from the top of the bearish channel. The price has moved below 120.00 – 120.30 support area. If the bear could continue to add more bearish pressure then EUR/JPY set to continue lower and target 119.20.

Today critical levels to watch:

Support: 119.20, 117.80

Resistance: 120.00, 120.30, 121.00

EUR/GBP

The bearish correction of EUR/GBP touch 0.9000 support level today and we see a bounce from the support level. If the bull could push the price higher then traders will expect bullish rally toward 0.9300 resistance. At the current time, traders could look for long positions with a tight stop below 0.9000.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY bounced from 130.00 support level and set to continue its bullish correction. The pair has 135.00 – 136.00 as the upward target. However, it is the last day of the week which might lead the pair to trade sideline.

Today Critical level to watch:

Support: 132.00, 130.00, 128.20

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF extend its bullish close yesterday but no close above previous Friday high yet. The pair currently attempting to breakout above the high but no luck yet. As long as there is no close above the Friday high, GBP/CHF will start moving lower again.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000

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