Forex Technical Cross Pairs analysis November 11, 2019

EUR/JPY

EUR/JPY could not lift itself toward 121.50 resistance and it starts moving lower now. The pair currently testing the support area 120.00 – 120.30. If it breakout lower then it will target 119.20. Traders will wait for the market reaction at the current level.

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Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 120.30, 121.50

EUR/GBP

The situation in EUR/GBP has not changed yet. The pair continues its sideways movement inside the box area and this week might not break out from it. Traders might want to continue to stay sideline for now.

today critical levels to watch:

Support: 0.8600

Resistance: 0.8750, 0.8800

GBP/JPY

A breakout expected to happen soon in GBP/JPY. We might have a strong momentum movement after the breakout happen. However, it is a waiting game at the moment. Traders will wait until breakout happens before placing major positions.

Today Critical level to watch:

Support: 140.00, 137.00, 136.00

Resistance: 141.00

GBP/CHF

Similar to the situation in GBP/JPY, it is a waiting game too for GBP/CHF. No breakout from the triangle pattern and traders will continue observing the pair for now.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

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