Cross-rates signals: EUR/JPY forms a correction

Cross EUR/JPY was in significant oversold and formed a reversal candlestick on the daily chart after updating the four-month low at 123.00.

Deals on the purchase of this pair should be considered above the zone of 123.30-50.

The goals under the conditions of correction are located at the levels: 124.00 and 124.30. The return of the EUR/JPY pair to the support levels: 122.80 and 122.60 cancels expectations for growth.

Read also: “Stock Indices: the UK Market”

Hanzenko Anton

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