Сross-rates signals: EUR/JPY is preparing to exit from the side triangle

After a two-week movement of the EUR/JPY cross in the side triangle, this pair was under pressure from fundamental factors. As a result, the cross is trading near significant support at 132.80. Fixing the price below the support will indicate the price exit from the triangle and further decrease to the support level of 132.40-20.

The level of 132.40-20 limits the working off of the figure “double top”. If the figure worked off, it will be possible to get to support levels: 131.40 and 130.90. Resistance levels: 133.30-60 and 134.00.

Fig. EUR/JPY H4. The current price is 133.00.

Hanzenko Anton