Cross-rates rates: EUR/JPY pending a correction
The EUR/JPY cross-rate was under pressure amid rising risks, which eventually resumed the downward trend. However, a two-month uptrend persists. So, the significant support is the mark of 129.50-130.00, from which it is necessary to expect a turn. Updating the low at 129.00 will cast doubt on the safety of the uptrend. Significant resistance is the mark 130.00 and 130.60-80.
Read also: “Financial issues at the beginning of 2018”
Hanzenko Anton
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