Key Trading Levels For GBPJPY & EURJPY, With EURO On The Move

The lack of economic events during the Asian session didn’t hold the markets back from making moves...

Written by: Arslan Ali Butt • Monday, January 15, 2018 • 1 min read

• Last updated: Monday, January 15, 2018

Key Trading Levels For GBPJPY & EURJPY, With EURO On The Move

Good morning, traders. The lack of economic events during the Asian session didn’t hold the markets back from making moves. The US markets will remain closed today in the observance of Martin Luther King Day. But, the remaining days will offer events to work as catalysts for the Japanese crosses.

Key Events This Week

Here are few events which you should monitor particularly for trades in EURJPY and GBPJPY:

GBP – CPI y/y (Tuesday at 9:30 GMT)
GBP – Retail Sales m/m (Friday at 9:30 GMT)
EUR – Final CPI y/y (Wednesday at 10:00 GMT)

Now let’s check out support and resistance levels for these forex crosses.

EURJPY – Major Trading Levels

Support Resistance

133.64 136.16

132.86 136.94

131.6 138.2

Key Trading Level: 134.9

GBPJPY – Major Trading Levels

Support Resistance

150.77 153.45

149.94 154.28

148.6 155.62

Key Trading Level: 152.11

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ABOUT THE AUTHOR See More

Arslan Ali Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Ali 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.