Forex Technical Cross Pairs analysis November 14, 2019

EUR/JPY

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It will be hard for EUR/JPY to recover from current bearish pressure. The pair move lower and will reach 119.20 soon. If the support level is broken then EUR/JPY expected to continue toward the trendline or 117.80. At the current time, it is better to wait and see first before entering long positions.

Today critical levels to watch:

Support: 119.20, 119.00

Resistance: 120.00, 120.30, 121.50

EUR/GBP

The overall trend is bearish but no major bearish momentum yet below the green box area. EUR/GBP might continue lower slowly now and get near 0.8500 support level. On the long-term view, the pair might reach 0.8325 – 0.8400 area.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8600, 0.8750, 0.8800

GBP/JPY

There is bearish pressure in GBP/JPY today. The pair is testing the previous day low and looking to close below it. If a lower close happens then GBP/JPY expected to start bearish correction with 135.00 – 136.00 as the target.

Today Critical level to watch:

Support: 137.00, 136.00

Resistance: 140.00, 141.00

GBP/CHF

A bearish breakout finally happens in GBP/CHF and the pair set to move lower. We have 1.2500 as the bearish target where traders could prepare for long positions near it. Only enter long positions when there is a bullish reaction from the support level.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

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