Cross-rate signals: EUR/JPY keeps a downtrend
The cross-rate EUR/JPY, after the next update of the low of the current year, went to correction. The main political risks in the eurozone are preserved, and this upward movement is a correctional one.
The entry zone for the EUR/JPY pair is the range from 126.00 to 126.50-80, in which the reversal and resumption of the decline with the updating of the lows at the levels: 125.00 and 124.70-50 is expected. Significant resistance is: 126.80 and 127.30.
Fig. EUR/JPY. Current price – 126.30
Also, read: “Cross-rate analysis relative to major currency pairs”
Hanzenko Anton