Forex Technical Cross Pairs analysis October 18, 2019

EUR/JPY

EUR/JPY upward pressure continues and the pair getting near 121.50 resistance. Without any change in the trend then we could expect a close near the resistance by the end of the week. EUR/JPY next direction will depend on the pair reaction at the resistance.

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Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

EUR/GBP holding out at the blue trendline. No bearish continuation yet but the pair could not bounce strongly from the support level. 0.8750 will become the key level to watch, without any close above the level then EUR/GBP bound to continue its bearish move.

today critical levels to watch:

Support: 0.8600

Resistance: 0.8750, 0.8800

GBP/JPY

Similar to the previous day analysis, the pair is testing 140.00 resistance and no reaction yet from the resistance level. It seems traders and investors will pause before the UK parliament decision on the new Brexit draft. At the opening of next week, expect momentum movement in the pair.

Today Critical level to watch:

Support: 137.00, 136.00

Resistance: 140.00

GBP/CHF

GBP/CHF managed to reach the level near 1.2900 yesterday. The pair currently traded near its opening level and expected to settle inside the previous day range. Similar to GBP/JPY, traders and investors might pause the movement of GBP/CHF while waiting for Brexit development.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900

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