Forex Technical Cross Pairs Analysis | November 29, 2021

EUR/JPY

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EUR/JPY broke below the 128.00 support level and set to target 127.00. If the pair manages to reach 127.00 then it is a chance for traders to enter long positions on bullish reaction. As long as the 127.00 support level is maintained then the long-term bullish trend will continue.

Today critical levels to watch:

Support: 127.00

Resistance: 128.00, 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP climbed near the 0.8500 resistance level. No test on the resistance level yet and there is a bearish reaction today. The bearish reaction might be a temporary profit-taking reaction. Traders will wait until the pair reach 0.8500 to test it. If there is a major bearish reversal formed then traders could enter short positions.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY on the path lower to target 150.00 where traders could enter long positions near it. A breakout and close below the level will cancel the bullish outlook and turn it into a bearish trend. We still think the pair has a high chance to bounce from the support level and continue the long-term bullish trend.

Today Critical level to watch:

Support: 153.50, 150.00

Resistance: 156.58, 160.00

GBP/CHF

GBP/CHF got rejected from 1.2500 and immediately move lower to close near 1.2300. The pair has not breakout below the support level and will attempt to maintain the range between 1.2300 – 1.2500. Without any breakout from the range, traders could apply a ranging strategy with a bearish bias as the low and high keep getting lower.

Today critical levels to watch:

Support: 1.2300

Resistance: 1.2500, 1.2600, 1.2700

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