Cross-rates signals: EUR/JPY is preparing to resume its growth

Cross EUR JPY was under pressure of correction after growth, amid a slowdown in optimism on the stock exchanges. As a result, this pair was under the pressure, maintaining an upward trend.

Deals for purchase of the EUR JPY pair should be considered above 125.40-60.

It will indicate a resumption of growth and open the way to resistance levels: 125.90 and 126.20. Support is located at levels: 125.20 and 125.00, fixing the price below which will indicate a slowdown in the uptrend and the abolition of expectations for growth.

Read also: “Dow Theory – The trend is confirmed by volume”

Hanzenko Anton

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