Forex Technical Cross Pairs analysis March 30, 2020

EUR/JPY

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EUR/JPY rejected from the level near the top of the channel. The pair currently testing 119.20 support level as it falls below 120.00. If the pair closes below 119.20 then traders will expect the long-term bearish continuation. At the current time, EUR/JPY might trade between 119.20 – 120.00

Today critical levels to watch:

Support: 119.20, 117.80

Resistance: 120.00, 120.30, 121.00

EUR/GBP

EUR/GBP gave up the 0.9000 support level and on the path lower. The pair expected to continue its weakness toward 0.8750. However, if the pair could close above 0.9000 at the end of the week then EUR/GBP might restart its bullish trend.

today critical levels to watch:

Support: 0.9000, 0.8921

Resistance: 0.9300, 0.9500

GBP/JPY

GBP/JPY slowly higher after the bounce from 125.00 support level. The pair almost reach 135.00 – 136.00 resistance area. When the test of resistance happens, traders will watch closely the market reaction. If there is a major bearish reaction then traders could enter short positions.

Today Critical level to watch:

Support: 132.00, 130.00, 128.20

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF movement is similar to the movement of GBP/JPY. The pair moving higher and soon will reach a resistance level 1.2000. When the pair reaches the resistance level, traders could prepare to enter short positions if there is a major bearish reaction.

Today critical levels to watch:

Support: 1.1200

Resistance: 1.2000

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