GBP/JPY & EUR/JPY – Key Support & Resistance Levels

The Japanese currency pairs are clam as the trading volume from China and USA remained thin. As we know, the Chinese investors are enjoying.

USD/JPY

The Japanese currency pairs are clam as the trading volume from China and USA remained thin. As we know, the Chinese investors are enjoying the Spring festival and will not be back until Feb 21, that’s why the Asian session is a bit quiet. However, the market can remain volatile during the US session as the investors are back after enjoying the President Day’s holiday.  

Most of the investors may wait for the minutes of the latest Federal Reserve meeting which is due tomorrow. In the meantime, you can take positions in the crosses and in order to gain more grip on the market you can draw these levels on your chart. Newbies, do check FX Leaders update on Trading Levels.

EUR/JPY – Major Trading Levels

Support     Resistance

131.04      133.28

130.19      134.67

128.8        135.52

Key Trading Level:    132.43

GBP/JPY – Major Trading Levels

Support     Resistance

147.88       150.78

146.46       152.26

144.98        153.68

Key Trading Level:    149.36

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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