Forex Technical Cross Pairs Analysis | October 14, 2021

EUR/JPY

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EUR/JPY extended its bullish movement and finally reach the 131.50 – 132.00 area. The pair might continue its bullish movement and breakout above the area. Traders who want to enter long positions will wait for a bearish correction toward the blue box area. Another option, traders could enter long positions when breakout above 132.00 followed by retest on the 131.50 – 132.00 area.

Today critical levels to watch:

Support: 130.00, 128.00, 127.00

Resistance: 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP resumes the bearish movement below the 0.8500 support level. Soon we might see a new lower swing low printed and the bearish trend could continue further to target 0.8400. Traders will continue to maintain short positions for now and avoid long positions unless the pair return above 0.8500.

today critical levels to watch:

Support: 0.8500

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY bullish trend continues and soon the pair will reach the 156.58 resistance level. There is no change to the situation of the pair and traders might want to continue to avoid short positions. If a bearish correction toward 153.50 happens then traders could consider long positions.

Today Critical level to watch:

Support: 153.50, 152.00, 150.00

Resistance: 156.58

GBP/CHF

GBP/CHF moving slowly upward toward the 1.2600 resistance level. There is no major momentum movement yet and the pair might continue trading sideways for now. Traders will continue waiting for the pair to reach the 1.2600 resistance level or 1.2500 support level to determine the pair’s next direction.

Today critical levels to watch:

Support: 1.2500

Resistance: 1.2600, 1.2700

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