Cross-rates signals: EUR/JPY forms a dowtrend

Cross EUR/JPY remains to trade with a decrease after forming a reversal from the resistance level of 130.00. It is caused by a decrease in stock indices and increased pressure on the euro by the US dollar. Technically, this cross returns to the general downtrend, which also confirms the formation of the “head and shoulders” pattern on the D1 timeframe.

The sales area for the pair EUR/JPY is located at the level of 129.00-128.70, breaking through which will open the way to the support levels: 128.60-50 and 128.00. Resistance is located on the marks: 129.30 and 129.50.

Read also: “Swedish Krona. Features of trading Scandinavian currencies “

Hanzenko Anton

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