Cross-rate signals: EUR / JPY resumes potential for decline

Cross-rate EUR/JPY after a rapid correction keeps downward dynamics and remains under pressure of political risks in the euro area. So, maintainance of a two-week trend indicates the possibility of a resumption of a decline.

Fastening the EUR/JPY pair below the 126.00 mark will open the way to support levels: 125.40 and 124.70-50. The resistance is 126.80 and 127.00.