The currency pair EUR/JPY is trading at 121.66. The pair continues to trade above the moving average with a period of 55, which indicates the continuation of the upward trend in the pair. At the moment, quotes were able to push away from the lower border of the Bollinger Bands indicator bars, which suggests that the growth will continue to the area above the level of 123.00.
Bollinger Bands forecast EUR/JPY on March 16, 2017
Breakdown of the upper boundary of the indicators of the Bollinger Bands indicator will indicate the acceleration of the growth of the pair. The abolition of the development of the upward trend will be the fall and breakdown of the region 121.05, which will indicate a possible change in the trend in favor of the downward pair of Euro Yen.