Nov. 15 – Support and Resistance levels for GBPJPY and EURJPY

Good morning traders! Taking a look at the economic calendar, the fundamentals coming out from Japan, the US and the UK are good enough to cause volatility in the forex crosses.

Something worth watching today is the UK's Average Earnings Index which will be released at 9:30 (GMT) along with the Unemployment Rate. Check FX Leaders news trading strategy to enhance profitability.

Let's gain a grip on the market with the following support and resistance levels.

EURJPY – Major Trading Levels

Support    Resistance

131.48       133.2

130.57       134.01

129.76       134.92

Key Trading Level:    132.29

GBPJPY – Major Trading Levels

Support    Resistance

148.61       150.54

147.53       151.39

146.68       152.47

Key Trading Level:    149.46

I recommend reading our FX Leaders support and resistance strategy to utilize these levels at it's full. Good luck.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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