Сurrency pair Euro to Japanese Yen EUR/JPY is trading at 124.396. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair EUR/JPY. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 124.300, from which it is expected to try to grow and develop the bullish tendency for the pair with a target of growth near the level of 126.100.
EUR/JPY forecast Euro Japanese Yen on May 30, 2017
Earlier, a weak signal was received for the sale of the pair of EUR/JPY, due to crossing of the signal lines at the level of 124.963. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 123.800, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the fall in quotations EUR/JPY stands with the breakdown of the local maximum area at 125.800.