Currency pair Euro to Japanese Yen EUR/JPY is trading at 123.615. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the pair Euro to Japanese Yen. Ichimoku Kinko Hyo Cloud is expected to test near the level of 124.200, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 122.100.
EUR/JPY prediction Euro Yen on May 31, 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 fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 124.500, which indicates 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 122.400.