Oct. 12 – Support and Resistance levels for GBPJPY and EURJPY - Forex News by FX Leaders

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

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

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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