Cross-rates signals: EUR/JPY forms a reversal

Cross EUR/JPY also formed a reversal pattern of movement on H4, indicating a potential to strengthen the pair despite the fact that it continues to trade in an uptrend. Deals for the purchase should be considered on consolidating the pair above the zone 124.70-124.90, indicating the resistance test: 125.40 and 125.80. Support is located at levels: 124.30 and 124.00.

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Hanzenko Anton

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