Forex Technical Cross Pairs analysis October 11, 2019

EUR/JPY

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No break out of the 117.80 – 119.20 range yet, EUR/JPY continues its upward movement today. The pair is testing the 119.20 resistance and might close near it by the end of the day. Traders’ and investors’ attention is focused on current trade negotiations between the U.S and China. A positive result will boost EUR/JPY further upside.

Today critical levels to watch:

Support: 117.80, 116.00, 115.80

Resistance: 119.00, 119.20

EUR/GBP

EUR/GBP is on the path lower after the rejection from 0.9000 resistance. We expect the pair to reach a 0.8750 support level soon. Long positions when the pair hit 0.8750 and produce bullish pattern is what traders will wait for.

today critical levels to watch:

Support: 0.8800, 0.8750

Resistance: 0.8900, 0.8920, 0.9000

GBP/JPY

GBP/JPY bounced from the bottom trendline and reach the top trendline in two days. Currently, the pair is testing the 135.00 – 136.00 area. Will a bullish breakout happen? Alternative, will GBP/JPY continue its bearish movement between the two trendlines?

Today Critical level to watch:

Support: 134.00, 133.00

Resistance: 135.00, 136.00

GBP/CHF

A higher-high printed on GBP/CHF daily chart which might indicate the pair will continue its bullish trend. We have a breakout above triangle pattern and the pair is testing 1.2500 resistance now. If the pair close inside 1.2300 – 1.2500 range then we could expect consolidation next week.

Today critical levels to watch:

Support: 1.2300, 1.2075, 1.2000

Resistance: 1.2500

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