Cross-rate signals: EUR/JPY expands the trading range

After widespread growth of the euro on Draghi’s comments, the pair EUR/JPY emerged from a downtrend, updating the current week’s high, and shifting the upcoming forecast for this pair.

Thus, while EUR/JPY has not fixed above the level of 136.20-30, the potential for the resumption of the downward trend persists. At the same time, the pair’s return to the mark 135.60-50 will open the way to the support levels 135.00 and 134.80.