Forex Technical Cross Pairs analysis September 19, 2019

EUR/JPY

Free $100 Forex No-Deposit Bonus

The pair maintained the close above 119.20 after the Fed interest-rate decision. But, it comes under pressure today after BOE hold interest-rate steady. If the pair could maintain another close above the 119.20 level then we might see EUR/JPY continue moving upward.

today critical levels to watch:

Support: 119.20, 119.00, 117.80

Resistance: 120.00, 121.50

EUR/GBP

EUR/GBP attempted to move higher today but the pair lost upward momentum and traded back to its opening level. The pair might continue its downward movement and target 0.8750 in the medium-term.

today critical levels to watch:

Support: 0.8800, 0.8750

Resistance: 0.8900, 0.8920, 0.9000

GBP/JPY

We are waiting for a bearish reaction at 135.00 – 136.00 area and the top trendline. Finally, But we have the bearish reaction and GBP/JPY start moving lower. Unfortunately, it is not a strong bearish reaction as the price has pulled back above previous day low. Without any lower close then GBP/JPY might attempt to move further upside.

Today Critical level to watch:

Support: 134.00, 133.00, 132,00

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF should be in a consolidation between 1.2300 – 1.2500. Traders could use the moment to take ranging positions with a bullish bias. We expect a breakout will happen above 1.2500 after short-term consolidation. However, take caution as Brexit event will conclude soon.

Today critical levels to watch:

Support: 1.2300, 1.2075, 1.2000

Resistance: 1.2500

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.