Nov. 15 – Support and Resistance levels for GBPJPY and EURJPY - Forex News by FX Leaders

Nov. 15 – Support and Resistance levels for GBPJPY and EURJPY

Posted Wednesday, November 15, 2017 by
Arslan Butt • 1 min read

Good morning traders! Taking a look at the economic calendar, the fundamentals coming out from Japan, the US and the UK are good enough to cause volatility in the forex crosses.

Something worth watching today is the UK's Average Earnings Index which will be released at 9:30 (GMT) along with the Unemployment Rate. Check FX Leaders news trading strategy to enhance profitability.

Let's gain a grip on the market with the following support and resistance levels.

 

EURJPY – Major Trading Levels

Support    Resistance

131.48       133.2

130.57       134.01

129.76       134.92

Key Trading Level:    132.29

 

GBPJPY – Major Trading Levels

Support    Resistance

148.61       150.54

147.53       151.39

146.68       152.47

Key Trading Level:    149.46

 

I recommend reading 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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