September 26th – Trading Levels of GBPCHF and GBPJPY
FX Junkies are expecting some volatility during the U.S. sessions on the release of CB Consumer Confidence, New Home Sales and Fed Chair
Arslan Butt•Tuesday, September 26, 2017•1 min read
FX Junkies are expecting some volatility during the U.S. sessions on the release of CB Consumer Confidence, New Home Sales and Fed Chair Yellen Speaks. These economic events are likely to impact the Buck, but the crosses will remain intact on the releases. Thus, let's take a quick look at trading levels for crosses.
GBPCHF – Major Trading Levels
Support Resistance
1.292 1.3142
1.2824 1.3268
1.2698 1.3364
Key Trading Level: 1.3046
GBPJPY – Major Trading Levels
Support Resistance
149.38 151.92
148.28 153.36
146.84 154.46
Key Trading Level: 150.82
Lastly, I would recommend checking our FX Leaders support and resistance strategy to utilize these levels as it's full. Good luck.
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ABOUT THE AUTHOR
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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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