Forex Technical Cross Pairs Analysis | September 15, 2020

EUR/JPY

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EUR/JPY stays above 125.00 support level but currently under pressure. The pair might attempt to breakout lower and target the 123.30 support level. On the other hand, if the pair could bounce from the 125.00 support level then 127.00 resistance will become the target.

Traders will wait for further reaction near the 125.00 support level.

Today critical levels to watch:

Support: 125.00, 123.30, 121.50

Resistance: 127.00

EUR/GBP

EUR/GBP halted its bullish movement near the 0.9300 resistance level. The pair slightly lower but maintain the level near the resistance. No clue yet on the next direction. However, we think the pair will consolidate near the 0.9300 resistance while waiting for further reaction.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY has not shown a strong reaction from the 135.00 – 136.00 area. The pair stuck near the support area and waiting for the trigger to move. No conclusion yet on the next direction. The pair could move further lower and breakout from the 135.00 – 136.00 area. On the other hand, the pair could bounce and target the 140.00 resistance level again.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 138.50, 140.00

GBP/CHF

GBP/CHF dropped below 1.1750 and printed a lower low on the daily chart. The bearish trend has been confirmed and all bullish correction is the opportunity for traders to enter short positions.

Today critical levels to watch:

Support: 1.1500

Resistance: 1.1750, 1.1870, 1.2000

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