The currency pair Euro Yen EUR/JPY is trading at the level of 119,724. The pair is trading below the lower limit of the Ichimoku Cloud, which indicates the presence of a downward trend for the Euro Yen pair. Expected lower limit of the Ichimoku Cloud test near 120.30 level, where we can expect an attempt to drop and the development of the bearish trend for this pair in order to reduce the level of 118.70.
Ichimoku Kinko Hyo Forecast EUR/JPY on March 24, 2017
Previously it received a weak signal to sell the pair of Euro Yen, by the intersection of the signal lines at 122.000. Cancellation option will reduce the breakdown of the upper limit of the Ichimoku Cloud with closing above 121.80 area quotes that point to change the downward trend in favor of the rising. Is expected to accelerate the fall of quotations EUR/JPY is a local minimum breakdown field at 119,490.