Cross-rates signals: EUR/JPY is near strong support

Cross EUR/JPY, trading in a two-week uptrend, was under pressure risks against the backdrop of the negative dynamics of stock exchanges and the sale of the euro. As a result, this cross tests the lower boundary of the uplink, which is located at the levels: 129.80 and 129.50. In conditions of oversold and safe uptrend on the repulsion from these levels, it is worth considering transactions for purchase. The targets are resistance levels: 130.80 and 131.00-40. Fixing the cross below the support levels will call into question the safety of the uptrend.

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Hanzenko Anton

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