Forex Technical Cross Pairs Analysis | October 26, 2021

EUR/JPY

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EUR/JPY bounce from the 132.00 support levels seems to end with a bearish close. However, the pair showed a bullish reaction today and moved upward to challenge the previous day’s high. If the bullish pressure is maintained then we will see a bullish continuation toward the 133.50 resistance level.

Today critical levels to watch:

Support: 132.00, 131.50

Resistance: 133.50

EUR/GBP

EUR/GBP resume the bearish movement and reached the 0.8400 support level today. The pair bearish trend might continue now especially if it closed below the support level. No change in the strategy, traders will wait for a bullish correction to enter short positions and follow the bearish trend.

today critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580

GBP/JPY

GBP/JPY bounce from the 156.58 level and is set to continue its long-term bullish trend. No bearish correction toward 153.50 support level which means no chance to add more long positions for now. Traders will let the pair continue moving upward to the nearest resistance, produce a bearish reaction and enter long positions when support level formed.

Today Critical level to watch:

Support: 156.58, 153.50

Resistance: 160.00

GBP/CHF

GBP/CHF has not left the 1.2500 – 1.2700 range yet and is expected to continue trading inside it for now. The pair currently moving upward, testing the 1.2700 resistance level. As long as there is no breakout and close outside of the range, traders could enter a short position with 1.2500 as bearish target.

Today critical levels to watch:

Support: 1.2600, 1.2500

Resistance: 1.2700, 1.2800

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