Cross-rate signals: EUR/JPY retains the potential to decline

Earlier there were already published expectations regarding the EUR/JPY pair “Cross-rate signals: EUR/JPY is under pressure“, which remain in force.

Taking into account that the pair failed to gain a foothold above the resistance of 136.00 and overcome the uptrend, expectations for further decline of the pair will remain. The goal and entry point remain the same. The breakthrough the significant support level of 135.00, will open the way to support levels: 13.40 and 134.10-00.

Fig. EUR/JPY H4. The current price is 135.50.

Hanzenko Anton