Cross-rates signals: EUR/JPY forms a “double top”

Cross EUR/JPY retains the potential for decline, while maintaining a downtrend and the formation of a “double top”.

We should expect a resumption of decline to support levels: 117.00 and 116.70 with the pair returning below the 117.60-50 zone.

Resistance is located at 117.80 and 118.00.

Read also: “The esults of the July Fed meeting  for the market”

Hanzenko Anton

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