Weekly Trading Levels For GBPJPY & EURJPY (Nov. 22 – 26) - Forex News by FX Leaders

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

Posted Wednesday, November 22, 2017 by
Arslan Butt • 1 min read

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.

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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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