Ichimoku Kinko Hyo Strategies - Forex Technical Cross Pairs Analysis | November 02, 2023

Ichimoku Kinko Hyo Strategies

31-12-2023 • 0 segundos

EUR/JPY pressuring the 150.00 resistance level again after a bearish close below it. The pair will attempt to continue the bullish trend and target a new higher high. If the pair gets rejected and falls with strong bearish momentum then the 154.00 – 155.00 area will become the bearish target. Today’s critical levels to watch: Support: 155.00, 154.00, 151.50, 148.50 Resistance: 160.00, 162.87, 171.00 EUR/GBP closed below the 0.8700 level yesterday but the pair immediately staged a recovery today and returned inside the 0.8700 – 0.8750 area with moderate bullish momentum. The pair might continue moving upward to target the level above 0.8750 resistance level. Today’s critical levels to watch: Support: 0.8600, 0.8580, 0.8400, 0.8325 Resistance: 0.8700, 0.8750 GBP/JPY moved lower and tested the level near 182.45. The pair manage to bounce and return to its opening level. If the pair could continue to add more bullish pressure then we might see a bullish continuation to target a new higher high. At the current time, traders could continue to add more long positions when a bearish correction happens. Today’s Critical level to watch: Support: 178.50, 172.00, 170.00, 168.50 Resistance: 182.45, 184.00 GBP/CHF continues moving upward and soon will reach the 1.1100 – 1.1200 area. The pair will test the resistance area and get confirmation on the next direction. If the pair gets rejected with strong bearish reactions then we might see a bearish continuation to target a new lower low. A close above 1.1200 might cancel the current bearish outlook. Today’s critical levels to watch: Support: 1.0500, 1.0000 Resistance: 1.1100, 1.1200, 1.1530, 1.1600, 1.1750



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