Cross-rates signals : EUR/JPY resumes the growth

Cross EUR/JPY formed an upward rebound from the support level of 118.70-119.00. It confirmed keeping the uptrend in recent weeks.

In the conditions of the resumption of growth of this pair above the zone of 119.60-80, we should expect the highs to update at resistance levels: 120.30 and 120.50.

Support are the marks: 119.40 and 119.20.

Read also: “The Risks of a trade war are back”

Hanzenko Anton

---

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Gold forms a reversal. Correction before the resumption of growth
2. Oil market: does it form a reversal or maintain lateral dynamics
3. The British pound is growing on Johnson’s failures

Current Investment ideas:

1. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!
2. Buy Citigroup Inc. shares now and make a profit in early October!