Forex Technical Cross Pairs Analysis | September 15, 2021

EUR/JPY

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It seems a bearish breakout happen instead of a bullish breakout. EUR/JPY closed below the orange box area and there is bearish follow-through today. If the pair bearish pressure continues to build up then traders will expect bearish continuation to retest 128.00 and maybe 127.00.

Nevertheless, traders will eye the 128.00 and 127.00 support levels for a chance to enter long positions.

Today critical levels to watch:

Support: 128.00, 127.00

Resistance: 130.00, 131.50, 132.00, 133.50

EUR/GBP

EUR/GBP bearish pressure seems to recede after the previous day’s bounce and bullish close. The pair attempt to continue its bullish movement today but the price look to reverse the initial bullish pressure. If the price starts moving lower again then traders will expect a retest on the 0.8500 support level.

today critical levels to watch:

Support: 0.8500, 0.8400

Resistance: 0.8580, 0.8600, 0.8700

GBP/JPY

GBP/JPY made a major bearish close yesterday which put the pair at risk of bearish continuation. The pair need another bearish close below the previous day’s low to resume the bearish movement. At the current time, the pair range span between 150.00 – 153.50, and traders will wait for a close outside of the range.

Today Critical level to watch:

Support: 150.00, 147.50, 145.00

Resistance: 152.00, 153.50, 156.58

GBP/CHF

GBP/CHF got rejected from the 1.2800 resistance level and made a bearish close near 1.2700 or the top of the triangle pattern. At the current time, the pair looks attempting to bounce upward and canceled the bearish close. As long as the pair could maintain the level above 1.2700 then there is no reason to become bearish yet.

Today critical levels to watch:

Support: 1.2700, 1.2600

Resistance: 1.2800

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