Forex Technical Cross Pairs Analysis | September 28, 2020

EUR/JPY

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EUR/JPY mostly sideways last week, the pair ended the week near the 123.30 resistance level. No conclusion yet on the pair next direction. If the pair start moving lower then 121.50 is the target support level. On the other hand, if the pair could close above 123.30 then it might start moving upward to target 125.00.

Today critical levels to watch:

Support: 121.50

Resistance: 123.30, 125.00, 127.00

EUR/GBP

EUR/GBP continues trading near the green box area. The pair made a bearish close at the end of the week but maintained the positions above Thursday low. This week, the pair will wait for a further reaction from the green box area. If the pair start moving lower then 0.9000 will become the bearish target. On the upside, 0.9300 will continue to become the resistance to watch.

today critical levels to watch:

Support: 0.9100, 0.9000

Resistance: 0.9300

GBP/JPY

A breakout below 135.00 – 136.00 has happened and GBP/JPY currently undergo a bullish correction. The bullish correction soon will reach the 135.00 – 136.00 and retest it. If the bear could continue put bearish pressure near the resistance area then GBP/JPY set to resume its bearish trend toward 132.50 and 130.00.

Today Critical level to watch:

Support: 132.50, 130.00

Resistance: 135.00, 136.00

GBP/CHF

GBP/CHF printed a higher high and closed near the 1.1870 resistance level. This week, the pair will attempt to make a bullish breakout above the 1.1870 resistance level. If the pair get rejected then traders will assume the pair will continue its bearish trend below 1.1750 and 1.1600.

Today critical levels to watch:

Support: 1.1750, 1.1600, 1.1500

Resistance: 1.1870, 1.2000

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