Currency pair Euro to Japanese Yen EUR/JPY is trading at 123.326. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Euro/Yen pair. The pair is expected to increase near the level of 123.800, from which it is expected to try to fall and develop a bearish tendency for the pair to decrease near the level of 122.300.
EUR/JPY forecast Euro Yen on June 7, 2017
Earlier, a weak signal was received for the sale of the pair Euro to Japanese Yen EUR/JPY, due to the crossing of signal lines at 124.500. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 124.900, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/JPY is with the breakdown of the local minimum area at 122.700.
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