Forex Technical Cross Pairs Analysis | October 08, 2020

EUR/JPY

EUR/JPY closed higher but no test on the 125.00 resistance level yet. The pair continue to maintain the bullish pressure but below the 125.00 resistance. At the current time, traders will continue to monitor the pair reaction near the 125.00 resistance level. If the pair form a major bearish pattern then traders could enter short positions.

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Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

It seems the bull could breakout above the flag pattern however could not maintain the bullish pressure. At the end of the day, EUR/GBP closed as a bearish pin bar pattern. There is bearish follow-through today which might lead the pair further lower to target 0.9000.

today critical levels to watch:

Support: 0.9000

Resistance: 0.9100, 0.9300

GBP/JPY

Another bounce from the 136.00 level happened yesterday and GBP/JPY closed higher yesterday. Today, there is bullish follow-through but no movement above the previous week high yet. The pair stuck at the current level and waiting for a further trigger to move higher.

If the bullish movement continues then traders will expect GBP/JPY target 140.00.

Today Critical level to watch:

Support: 136.00, 135.00

Resistance: 140.00, 142.50

GBP/CHF

GBP/CHF continues to stuck below the 1.1870 resistance level. The pair mostly sideways and waiting for a further trigger to move. If the pair could continue moving upward then 1.2000 will become the target. On the other hand, if the pair start moving lower then 1.1750 will become the support level to watch.

Today critical levels to watch:

Support: 1.1750

Resistance: 1.1870, 1.2000

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