GBP/JPY & EUR/JPY - Key Support & Resistance Levels - Forex News by FX Leaders

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

Posted Tuesday, February 20, 2018 by
Arslan Butt • 1 min read

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

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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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