Cross-rates signals: EUR/JPY is preparing to resume the decline - Ester Holdings
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Cross-rates signals: EUR/JPY is preparing to resume the decline

Cross EUR/JPY retains the potential for decline in conditions of exacerbation of risks around the Brexit deal and maintaining a downtrend .

The resumption of the decline of this pair should be expected when the zone 120.80-70 is broken.

This will resume the downward trend and open the way to support levels: 120.30 and 120.00. Significant resistance is located at the levels: 121.00 and 121.20, fixing above which cancels expectations for decline.


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Hanzenko Anton


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