EUR/JPY Euro Yen forecast on June 8, 2017


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Currency pair Euro to Japanese Yen EUR/JPY is trading at 122.930. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Euro/Yen. The currency pair EUR/JPY is expected to rise near the level of 123.600, from which it is expected to try to fall and develop a bearish tendency for the pair with a view to lower near the level of 121.900.

EUR/JPY Euro Yen forecast on June 8, 2017

EUR/JPY Euro Yen forecast on June 8, 2017

Earlier, a weak signal was received for the sale of the pair of Euro/Yen, due to the crossing of signal lines at 124.500. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​124.700, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/JPY stands with the breakdown of the local minimum area at 122.300.


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