Key Levels For GBPJPY & EURJPY – Breakouts Expected On ECB Tomorrow - Forex News by FX Leaders

Key Levels For GBPJPY & EURJPY – Breakouts Expected On ECB Tomorrow

Posted Wednesday, January 24, 2018 by
Arslan Butt • 1 min read

What’s up, fellas. The Japanese crosses have stuck in wide narrow ranges. For instance, the EUR/JPY is consolidating in a sideways channel made up of a 135.18 – 136.20 trading range. But, this range is likely to violate really soon.

The investors are holding their shots for the ECB (European Central Bank) interest rate decision tomorrow. On the release, we may see a breakout in the EUR/JPY range. We will share more insights on these pairs tomorrow before the news. However, you should focus on these trading levels this week.

EURJPY – Major Trading Levels

Support     Resistance

135.09    136.1

134.64    136.66

134.08    137.11

Key Trading Level:  135.65

GBPJPY – Major Trading Levels

Support     Resistance

153.57    155.22

152.83    156.13

151.92    156.87

Key Trading Level: 154.48

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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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