Cross-rates signals: EUR/JPY is preparing for growth

Cross EUR/JPY retreated from weekly highs on increasing risks and technical correction of the pair. At the same time, it maintained an upward trend and potential for growth. Deals for the purchase should be considered on consolidating above the zone of resistance: 126.30-50. In turn, this will resume the upward trend and open the way to the marks: 126.90 and 127.30. Support is located at the levels: 126.00 and 125.80, fixing below which will indicate a slowdown in the uptrend and cancellation of expectations for strengthening.

Read also: “Japanese yen (JPY) – Features of trading on the crosses”

Hanzenko Anton

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