Cross-rates signals: EUR/JPY accelerates growth

After repelling of the EUR/JPY cross-rate from the support level 131.40-20, which was expected, this cross has accelerated the growth due to the ubiquitous strengthening of the euro. At the moment, the outlook for strengthening of the EUR/JPY pair is maintained. But, due to a significant overbought, one should expect correction.

The level from which one should expect correction is located at around 132.80-90. After that, the resumption of the ascending movement is expected with the objectives: 133.30-50. Support is located at the levels: 132.30-10.

Hanzenko Anton