Forex Technical Cross Pairs Analysis | September 16, 2020

EUR/JPY

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EUR/JPY closed below 125.00 support level. The pair losing more ground today and might extend the bearish movement. If the bearish movement continues then traders will expect EUR/JPY to target 123.30 or lower. At the current time, traders will observe the pair reaction near the 125.00 level

Today critical levels to watch:

Support: 123.30, 121.50

Resistance: 125.00, 127.00

EUR/GBP

EUR/GBP rejected from the 0.9300 resistance level and start moving lower. On the chart, we have drawn a green area where the previous high located. The pair seems to find support around this area. If there is a bullish reaction from the current area then EUR/GBP might be set to continue its bullish attempt toward 0.9300

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

GBP/JPY continues its ranging movement near the 135.00 – 136.00 area. The pair still waiting for the trigger to move. At the current time, traders will continue waiting sideline or accumulating long positions with a stop below 135.00. However, without any strong bullish reaction, it is better to continue waiting.

Today Critical level to watch:

Support: 135.00

Resistance: 136.00, 138.50, 140.00

GBP/CHF

GBP/CHF slowly moving higher after the bounce from 1.1600. The pair on the path higher toward the 1.1750 resistance level where bearish rejection expected. Traders could consider entering short positions near the 1.1750 resistance level.

Today critical levels to watch:

Support: 1.1600, 1.1500

Resistance: 1.1750, 1.1870, 1.2000

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