Oct. 18 - Support and Resistance levels for GBPJPY and EURJPY - Forex News by FX Leaders

Oct. 18 – Support and Resistance levels for GBPJPY and EURJPY

Posted Wednesday, October 18, 2017 by
Arslan Butt • 1 min read

Good morning, fellas. Today, the economic calendar is good enough to cause volatility in the Forex Crosses. For instance, the ECB President Mario Draghi speech and the Labor market figures of the UK will be worth watching today. Do check our Forex Signals Brief for Oct. 18 for more insights on economic events.

 

In order to cope up with volatility, let's gain more grip on the market with the following support and resistance levels.

 

EURJPY – Major Trading Levels

Support     Resistance

131.87       132.27

131.75       132.39

131.55       132.59

Key Trading Level:    132.07

 

GBPJPY – Major Trading Levels

Support     Resistance

147.78       148.78

147.48       149.08

146.98       149.58

Key Trading Level:    148.28

 

It's highly recommended to see our FX Leaders support and resistance strategy to utilize these levels at it's full. 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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