Technical Levels For Forex Crosses – GBPJPY & EURJPY

So far the forex crosses have offered us good trading signals except for yesterday as our forex trading signal on GBPJPY was taken out at the stop. However, these pairs are the best substitute to deal with thin volatility especially when the investors are waiting for the US economic events.

Having said that, once again the market is waiting for the economic events discussed in our Nov. 29 – Morning Brief. So check out these support and resistance levels to take a better position in forex crosses.

EURJPY – Major Trading Levels

Support     Resistance

131.7          133.77

130.4          134.54

129.63        135.84

Key Trading Level:    132.47

GBPJPY – Major Trading Levels

Support      Resistance

147.71        149.45

146.8          150.28

145.97        151.19

Key Trading Level:    148.54

Safe Haven – Why Japnese Yen Is Getting Weaker?

The market is investing in haven assets after North Korea launched another missile test. Japanese Yen was supposed to get stronger on this news but it's getting weaker. So what's the reason?

Well, according to the Japanese government, the missile landed in the economic zone of Japan. Can we see the active participation of Japanese economy in this issue? Like others, I'm also curious about it. That's why the uncertainty is keeping me away from buying Japanese Yen. Keep following for more updates and have a profitable day!

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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