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

Cross EUR/JPY maintains a weekly upward trend after breaking a downtrend at the start of the week. At the same time, on the correction of positions at the end of the month and the flight from risk, this pair was under pressure, which is limited by the existing channel.

The main support for the pair EUR/JPY is located at the levels: 128.60-70, from which it is worth considering purchase transactions. With the return of the pair to growth, its growth will be limited to resistance levels: 129.00 and 129.30. Support is located at the levels: 128.50 and 128.30.

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Hanzenko Anton

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