Weekly Trading Levels For GBPJPY & EURJPY (Nov. 22 – 26)

The forex crosses have offered us good trading signals despite the thin trading volume. Today, we might see a bit of action during the New


The forex crosses have offered us good trading signals despite the thin trading volume. Today, we might see a bit of action during the New York session, especially in the USD currency pairs.

 

Taking a look at the economic calendar, the fundamentals coming out from the US are good enough to cause unpredictable volatility in the major currencies. For instance, the US is releasing Core Durable Goods Orders, Unemployment Claims, and Durable Goods Orders at 13:30 (GMT). But the kingpin is FOMC Meeting Minutes at 19:00 (GMT). Check FX Leaders news trading strategy to enhance profitability.

 

Considering the market scenario, it's better to trade crosses ahead of news today. Check out these support and resistance levels to take a better position.

 

EURJPY – Major Trading Levels

Support     Resistance

131.42        133.37

130.7          134.6

129.47        135.32

Key Trading Level:    132.65

 

GBPJPY – Major Trading Levels

Support     Resistance

147.42        149.17

146.79        150.29

145.67        150.92

Key Trading Level:    148.54

 

It's recommended to see our FX Leaders support and resistance strategy. Good luck.

 
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
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.

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