EUR JPY


Eur jpy in bearish mkt , the currency pair downtrend continuation was interupted on Euro dramatic moves against the major currency pairs on ECB monetary policy easing measures and Mario Draghi indications in the scheduled press conference that further rate cuts were not needed or anticipated.
Eur jpy may resume downtrend after trending key resistance level at 50% or 61.8% or 78.6% retracement as shown on the daily trend
From trend perspective the weekly time frame is bearish while the daily time frame is also bearish with price trading below the kumo cloud .
price projection 1st of may 2016 at 120.90





ICHIMOKU TREND ANALYSIS


weekly ............................................... bearish mkt
daily ............................................... bearish trend


price target at 120.90






TECHNICAL AND TREND VIEWS








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