Euro Yen currency pair EUR/JPY is trading at 120.11. The pair was able to break through the upper limit of the Ichimoku Cloud, which indicates the confirmation of a weak signal in favor of buying a pair of Euro Yen.
Ichimoku Kinko Hyo forecast EUR/JPY on March 3, 2017
We should expect a tight test the breached border of the Ichimoku Cloud and the continued growth of quotations of the pair EUR/JPY in the area above the level of 121.
Cancellation option will drop the pair rises and the breakdown of the lower limit of the Ichimoku Cloud with closing quotations below 119.05 area. Current area of the pair of Euro Yen suggests buying EUR/JPY with stop loss below the Ichimoku Cloud.
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