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'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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