19^th November 2021 Technical Analysis

EURUSD

EURUSD rose on Thursday, and the technical bias is bullish due to higher lows in the recent downtrend.

The pair is currently trading near 1.13709，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.13850

Resistance level 2: 1.14100

Resistance level 3: 1.14350

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.13500

Support level 2: 1.13300

Support level 3: 1.13120

Next Wednesday, the United States will announce the November Markit manufacturing PMI data. Higher data indicate favourable to the US dollar, so it is negative for EURUSD currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.

GBPJPY

GBPJPY rose on Thursday, and the technical bias is bullish due to higher lows in the recent uptrend.

The pair is currently trading near 154.275，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 154.500

Resistance level 2: 154.720

Resistance level 3: 155.000

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 154.050

Support level 2: 153.850

Support level 3: 153.700

Next Tuesday, the United Kingdom will announce the Markit comprehensive PMI data for November. Higher data indicate favourable to the pound, so  the GBPJPY currency pair is bullish, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the GBPJPY currency pair near the current level.