Euro Yen currency pair EUR/JPY is trading at 118.78. The pair continues to move below the Ichimoku Cloud, which suggests the presence of a downward trend. We should expect a tight area between the test signal lines and continuing decline in the area below the level of 117.80.
Ichimoku Kinko Hyo forecast EUR/JPY on February 28, 2017
Cancellation option of continuing fall of Euro Yen quotations speak breakdown of the upper limit of the Ichimoku Cloud with closing above 120.15 area, which indicates the potential change of the trend in favor of growth. Is expected to accelerate the fall of quotations is a breakdown of the area of a local minimum.
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