Forex Technical Cross Pairs Analysis | November 24, 2020

EUR/JPY

EUR/JPY flip-flopping near the 123.30 support level. The pair made a bullish jump and closed higher yesterday. But, no bullish follow-through yet today. The pair will wait for further development in the coming days. Without further bullish close then the pair might start moving lower again to stick 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

It is a major moment for the EUR/GBP pair as it is testing the previous swing low. If lower close below the low printed then trades will prepare for further bearish continuation. At the current time, there is a bullish attempt but without a close above 0.8920, traders will prepare for further bearish movement.

today critical levels to watch:

Support: 0.8750, 0.8700

Resistance: 0.8920, 0.9000

GBP/JPY

GBP/JPY jumped from the 137.75 support level and set to target 140.00 resistance level. Under current bullish momentum, we will expect a breakout above 140.00 and a continuation toward 142.50. Traders who have long positions could continue to hold their positions.

Today Critical level to watch:

Support: 137.75, 136.00, 135.00, 132.50

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF is testing the resistance level and soon might breakout above it. A bullish breakout could bring the pair upward to the 1.2300 resistance level. It is better to avoid short positions as the low gets higher while the high is nearly constant.

Today critical levels to watch:

Support: 1.2000, 1.1870, 1.1750

Resistance: 1.2300

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