GBP/JPY and EUR/JPY – Intraday Technical Levels

Posted Tuesday, August 14, 2018 by
Arslan Butt • 1 min read

The Asian markets struggled to recover their footing on Tuesday as tremblings from the collapse of the Turkish Lira declined. Whereas, investor sentiment switched to Chinese economic events which eventually turned negative.

The demand for Japanese Yen boosted as uncertainty in Turkey boosted the haven appeal. If you wonder why gold isn’t getting bullish over this news, well gold has a direct correlation with the dollar and it’s strongly negative. Whereas, safe-haven currency Yen is free to move during uncertainty.

EUR/JPY – Major Trading Levels

Support Resistance

125.4 126.64

125.01 127.03

124.39 127.65

Key Trading Level: 126.02

GBP/JPY – Major Trading Levels

Support Resistance

140.48 141.7

140.11 142.07

139.5 142.68

Key Trading Level: 141.099

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments