Cross-rates signals: EUR/JPY resumes a downtrend

Cross EUR/JPY in conditions of maintaining uncertainty was under the pressure, which formed a reversal from the resistance level of 122.30-00. Rebound a pair from this level indicates a resumption of a three-month downtrend.

Deals for sale should be considered when unloading the pair is oversold and at a break of support 121.50-40.

Resistance levels are located at the levels: 121.80 and 122.00. Support levels and goals are located at levels: 121.00 and 120.80.

Read also: “A comprehensive rollback is another secret of technical analysis”

Hanzenko Anton

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