Forex Technical Cross Pairs analysis October 21, 2019

EUR/JPY

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EUR/JPY pressured to the upside today and almost reach 121.50 resistance. The pair bullish sentiment has not subsided yet despite the possible breakdown in the Brexit deal. EUR/JPY might continue to stick near the resistance level until further news development released.

Today critical levels to watch:

Support: 120.00, 119.20, 119.00

Resistance: 121.50

EUR/GBP

EUR/GBP continues under pressure near the blue trendline. However, no major bearish momentum below the line and the price has no lower low printed. Traders will continue to observe the price reaction at the support level as Brexit development will influence the market this week.

today critical levels to watch:

Support: 0.8600

Resistance: 0.8750, 0.8800

GBP/JPY

The rejection of the Brexit proposal by the UK parliament should give a blow to the country plan for soft-Brexit. Despite the developing situation, no breakdown in GBP/JPY. It seems normal as current expectation see another delay on the Brexit time-frame. Moreover, Brexit drama might turn into no-Brexit if it gets prolonged.

GBP/JPY might continue upward for now. But it is possible the pair will start moving down below 140.00

Today Critical level to watch:

Support: 140.00, 137.00, 136.00

Resistance: 141.00

GBP/CHF

GBP/CHF settled below 1.2900 and waiting for a trigger to continue upside. Not much to expect at the moment, the pair might continue its ranging movement between 1.2500 – 1.2900. Traders might want to continue sideline or apply ranging strategies for now.

Today critical levels to watch:

Support: 1.2700, 1.2600, 1.2500, 1.2300

Resistance: 1.2900

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