Forex Technical Cross Pairs Analysis | November 03, 2023

EUR/JPY

EUR/JPY is mostly higher and might resume the bullish movement to print another higher high. Traders will wait for the pair to make a bearish reaction for a chance to enter long positions at a lower level. At the current time, it is better to wait and see until the pair reaches either the support level or the resistance level.

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Today’s critical levels to watch:

Support: 155.00, 154.00, 151.50, 148.50

Resistance: 160.00, 162.87, 171.00

EUR/GBP

EUR/GBP started to move lower below the 0.8700 resistance level and currently trading near the trendline. If the pair breaks lower then it will target the 0.8580 – 0.8600 area. On the upside, another close above 0.8700 could become the bullish continuation confirmation.

Today’s critical levels to watch:

Support: 0.8600, 0.8580, 0.8400, 0.8325

Resistance: 0.8700, 0.8750

GBP/JPY

GBP/JPY building more bullish pressure with a new higher high on the chart. The pair is set to continue the bullish trend and target a new higher high. On the lower side, if the pair starts a bearish movement then it will target the 178.50 support level. At the current time, it is better to stick with long positions until a new lower low or lower high is printed on the chart.

Today’s Critical level to watch:

Support: 178.50, 172.00, 170.00, 168.50

Resistance: 182.45, 184.00

GBP/CHF

GBP/CHF has reached the 1.1100 resistance level and there is an upward continuation in today’s trading. The pair getting inside the yellow box area and might consolidate inside it. If the pair breaks out and closes above 1.1200 then the trend might turn bullish for the medium-term.

Today’s critical levels to watch:

Support: 1.0500, 1.0000

Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750

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