Cross-rates signals: EUR/JPY in anticipation of correction

Cross EUR/JPY updated the psychological level of 130.00, which corresponds to the border of the trade channel after a long increase in increasing optimism and reducing risks in the eurozone. It can serve as a driver for sales on correction against the background of general overbought.

The sales area is located in the range of 129.90-80, which opens the way to support levels: 129.30 and 129.00. Resistance marks are: 130.10 and 130.30.

Read also: “Swiss franc (CHF) – features of trading on cross-rates”

Hanzenko Anton

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