![](https://decodecapital.com.au/wp-content/uploads/2021/11/Brenna-TA-EN.png)
10th February 2022 Technical Analysis
GBPJPY
GBPJPY rose on Wednesday, and the technical bias is bullish due to higher highs in the recent uptrend
![](https://decodecapital.com.au/wp-content/uploads/2022/02/image-10.png)
The pair is currently trading near 156.356,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 156.550
Resistance level 2: 156.720
Resistance level 3:156.900
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 156.270
Support level 2: 156.150
Support level 3: 156.000
Next Tuesday (February 15), Japan will release GDP growth data for the fourth quarter of 2021. Higher data indicates favorable to the yen, so it is negative for the GBPJPY currency pair, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to buy the GBPJPY currency pair near the current level.
EURUSD
EURUSD rose on Wednesday, with a bullish technical bias as they made higher highs in a recent horizontal swing.
![](https://decodecapital.com.au/wp-content/uploads/2022/02/image-11.png)
The pair is currently trading near 1.14158,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 1.14240
Resistance level 2: 1.14350
Resistance level 3:1.14450
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 1.14100
Support level 2: 1.14000
Support level 3: 1.13850
Today (February 10) the United States will announce the inflation data for January. Higher data indicates favorable to the US dollar, so it is negative for the EURUSD currency pairs, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.