EUR/JPY
The strengthening of the euro in recent days push the price of pair Euro - Japanese yen, which completed a consecutive increase of 1100 points exactly from the previous low around 106.75. to the significant level of resistecia monthly 117.89 .
From here, the chances of a new wave bearish who carry a pair of biased movement to horizontal movement and return to their last low around 112.70 yen per euro. A daily close below 117. 50 confirms our bearish outlook.
