GBP/JPY & EUR/JPY Trading Levels – Trump Denting The Safe Haven!

In the past couple of weeks, the ongoing tensions between China and the USA have been keeping the safe haven assets in demand. Recently, the Syrian issue put Gold and Japanese Yen on fire. However, the situation seems to have calmed down.

Trump eased the geopolitical tensions in the Middle East after affirming that military action against Syria may not be imminent thereby denting the demand for safe haven assets in the Asian session. Trump added that the US is going to resolve trade disputes. The US and China might not impose any new tariffs on each other after all.

The EUR/JPY and GBP/JPY are on a bullish move now. Let’s take a look at the key support and resistance areas.

EUR/JPY – Major Trading Levels

Support     Resistance

131.91       132.48

131.57       132.71

131.34       133.05

Key Trading Level:    132.14

GBP/JPY – Major Trading Levels

Support     Resistance

151.62       153.36

150.53       154.01

149.88       155.1

Key Trading Level:    152.27

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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