Forex Technical Cross Pairs analysis November 15, 2019

EUR/JPY

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A touchdown on 119.20 support level happened yesterday and the pair settled lower. Today, there is a bullish reaction and EUR/JPY on the path higher to test 120.00 resistance. If the pair rejected from 120.00 – 120.30 area then we could expect further weakness in the pair.

Today critical levels to watch:

Support: 119.20, 119.00

Resistance: 120.00, 120.30, 121.50

EUR/GBP

It is bearish but no bearish momentum seen in EUR/GBP since the close below box area. The pair might move higher now and return inside the box area. Traders will continue waiting sideline for now.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8600, 0.8750, 0.8800

GBP/JPY

Bearish breakout has happened but the pair do not continue lower. GBP/JPY moves upward and testing 140.00 level now. It seems the pair might continue to stick near the level until the next momentum movement happen. Short positions still suggested as we have a bearish breakout.

Today Critical level to watch:

Support: 137.00, 136.00

Resistance: 140.00, 141.00

GBP/CHF

GBP/CHF make a “U” turn after the bearish breakout. Similar to GBP/JPY movement, the pair currently traded upward. It is testing the trendline and waiting for a reaction. Will the pair continue lower and follow the initial breakout direction?

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

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