GBP/JPY & EUR/JPY - Pre-NFP Levels to Trade - Forex News by FX Leaders

GBP/JPY & EUR/JPY – Pre-NFP Levels to Trade

Posted Wednesday, April 4, 2018 by
Arslan Butt • 1 min read

Are you ready to trade the US ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI today? These economic events are due to be released during the New York session. Just note that trading in the US denominated pairs is risky until the news is released. Watch for the Pre-NFP and ADP trading levels for GBP/JPY and EUR/JPY…

But we can trade the forex crosses as these are not directly impacted by the US fundamentals. Watch for the Pre-NFP and ADP trading levels for GBP/JPY and EUR/JPY….

EUR/JPY – Major Trading Levels

Support     Resistance

129.6         131.68

128.97       132.31

127.93       133.35

Key Trading Level:    130.64

GBP/JPY – Major Trading Levels

Support     Resistance

148.08       150.24

147.41       150.91

146.33       151.99

Key Trading Level:    149.16

I just shared my forecast on GBP/JPY and the sell limit in my previous update Quick +30 Pips In GBP/JPY – Who?s Up for Next Sell Limit? Do check it and take your positions accordingly. Fellows, I’m also seeing a really cool trade setup in EUR/JPY which I will share it in my next update. So stay tuned and all the best!  

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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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