Forex Technical Cross Pairs Analysis | November 23, 2020

EUR/JPY

EUR/JPY stick near the 123.30 support level and might extend the ranging movement near it. The pair expected to bounce and continue upward to retest 125.00. However, if the pair breakout below the level then traders will expect another test on 121.50.

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Today critical levels to watch:

Support: 121.50, 120.30, 120.00

Resistance: 123.30, 125.00, 127.00

EUR/GBP

The bear add more bearish pressure below 0.8920 and the pair soon will reach the previous swing low. If bearish breakout happen then EUR/GBP set to continue its long-term bearish trend. At the current time, traders will observe the pair reaction near the previous swing low.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000

GBP/JPY

AS we mentioned before, we think the pair could continue moving upward to retest the 140.00 resistance level. There is a bounce from the flip level 137.75 today. If the pair could maintain the bullish pressure then a test on 140.00 will happen.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

We redraw the upper trendline and replaced it with a horizontal line. At the current time, GBP/CHF is testing the resistance level with strong bullish momentum. If bullish breakout happen then traders will expect continuation toward 1.2300. On the other hand, if bearish rejection happen then GBP/CHF might target the bottom trendline.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300

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