Forex Technical Cross Pairs Analysis | November 17, 2020

EUR/JPY

EUR/JPY bearish movement seems will continue toward the 123.30 support level. The bearish movement is not a major one as it is still above the major bullish candlestick from below 123.30. Traders will continue to observe the pair movement at the current time while waiting for the chance to enter long positions near 123.30.

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Today critical levels to watch:

Support: 123.30, 121.50, 120.30, 120.00

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP made a neutral close yesterday as the price closed near the opening level. No major reaction yet from the 0.9000 and the bull will aim for a close above it. At the current time, the pair slightly lower but maintain the level above the previous day low.

Will EUR/GBP continue its upward movement and breakout above 0.9000?

today critical levels to watch:

Support: 0.8920, 0.8750, 0.8700

Resistance: 0.9000

GBP/JPY

We expect a bounce from the 137.75 flip level happened. It happened yesterday but GBP/JPY could not hold its bullish pressure. At the end of the day, the pair closed near its opening level. As long as the pair maintains its positions above the flip level then there is a chance for further upside.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF attempting to build bullish pressure from the 1.2000 level. The pair managed to make bullish closes though it is not a significant bullish close. At the current time, traders will continue to monitor the pair reaction from the 1.2000 support level.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300

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