Forex Technical Cross Pairs analysis September 11, 2019

EUR/JPY

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Forex Technical Cross Pairs analysis September 11, 2019

EUR/JPY make another bullish attempt and printed higher high on the chart. However, the bullish pressure losing momentum and currently the pair traded below its opening level. It might start moving lower before tomorrow ECB press conference. No clear clue on the next direction yet which suggest traders scale-out and wait near 117.80 support level.

today critical levels to watch:

Support: 117.80, 116.50, 116.00, 115.80

Resistance: 119.00

EUR/GBP

Forex Technical Cross Pairs analysis September 11, 2019

EUR/GBP keeps testing the range 0.8920 – 0.9000 and looking for a breakout of the range. No conclusion yet on the next direction. The pair should continue moving inside the range for now.

today critical levels to watch:

Support: 0.8920

Resistance: 0.9000

GBP/JPY

Forex Technical Cross Pairs analysis September 11, 2019

More bullish movement was seen in GBP/JPY after the close above the trendline. The pair extend its gain slowly and target the top trendline. In the medium-term, 135.00 – 136.00 is the area to watch for a possible reaction. At the current time, traders might want to wait until the pair corrected lower and test the bottom trendline before placing positions.

Today Critical level to watch:

Support: 132,00, 130.00

Resistance: 133.00

GBP/CHF

Forex Technical Cross Pairs analysis September 11, 2019

The situation of GBP/CHF has not changed since yesterday. The pair is testing 1.2300 resistance and it sticks near the resistance. Traders will continue to monitor the pair reaction at 1.2300 and enter position base on the reactions.

Today critical levels to watch:

Support: 1.2075, 1.2000

Resistance: 1.2300, 1.2500

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