Cross-rates signals: EUR/JPY keeps upward dynamics

The cross-rate EUR/JPY is trading in an uptrend near the two-year high, limiting itself in the growth by the expanding formation. Thus, the breakthrough of the level of 134.70-90 will indicate the preservation of the uptrend and further growth to the resistance levels: 135.40-60 and 136.00.

In turn, the support area is 134.20-40, a return to it will indicate the possibility of reduction and maintanance of the lateral trend. Given the declining liquidity on New Year’s Eve, the dynamics of cross-rates can be very low-key.

Fig. EUR/JPY. The current price is 134.80.

Hanzenko Anton