Forex Technical Cross Pairs analysis November 5, 2019

EUR/JPY

EUR/JPY upward momentum thwarted yesterday and the pair closed near its opening level. But, the pair start another upward movement today. It is getting near 121.50 resistance and soon will reach it. Traders will wait for the pair to reach the resistance level before deciding to enter positions.

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Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

EUR/GBP is extremely sideway and no indication of the next direction yet. The pair might not show any direction yet at the current time. It is better to stay sideline for now.

today critical levels to watch:

Support: 0.8600

Resistance: 0.8750, 0.8800

GBP/JPY

Momentum movement surely will happen in GBP/JPY. But it seems traders will need to wait for now. The pair expected to continue stick near 140.00 handles and traded up and down near it.

Today Critical level to watch:

Support: 137.00, 136.00

Resistance: 140.00, 141.00

GBP/CHF

GBP/CHF pushed below the trendline and outside of the ascending triangle pattern. Will it end current consolidation inside the triangle? No answer yet as the move outside of the range is without strong momentum. Traders will continue to observe the pair movement for now.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900, 1.3000

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