Сross-rates signals: EUR/JPY returns to the side triangle

After working out the forecast for a decrease, the cross-rate EUR/JPY expanded the trading range. As a result, the pair EUR/JPY is trading in the sideways triangle, after the expansion of the trading range at the break from the level of 132.00-10.

At the moment, the pair EUR/JPY formed a reversal and returned to the sideways trend, which will be limited to the resistance level: 133.50-80. The breakthrough of the level of 132.90-133.00 will be the signal for entering the purchase zone. Support levels are: 132.60-40.

Fig. EUR/JPY. The current price is 132.70.

Hanzenko Anton