Oct. 12 – Support and Resistance levels for GBPJPY and EURJPY

The forex crosses are stuck at the overbought ranges and are consolidating in narrow ranges. Especially, the EURJPY and GBPJPY as they aren

Written by: Arslan Butt • Thursday, October 12, 2017 • 1 min read

• Last updated: Thursday, October 12, 2017

The forex crosses are stuck at the overbought ranges and are consolidating in narrow ranges. Especially, the EURJPY and GBPJPY as they aren't trading in a sideways channel. In order to cope with this scenario, let's gain a grip with the following support and resistance levels.

EURJPY – Major Trading Levels

Support Resistance

132.72 133.52

132.48 133.76

132.08 134.16

Key Trading Level: 133.12

GBPJPY – Major Trading Levels

Support Resistance

148.09 148.87

147.86 149.1

147.47 149.49

Key Trading Level: 148.48

Lastly, I would recommend checking our FX Leaders support and resistance strategy to utilize these levels at it's fullest. Good luck.

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ABOUT THE AUTHOR See More

Arslan Butt

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

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.