Price of EURJPY is in the consolidation between support at 128.00 and resistance at 130.75 since the end of June. Currently it is for the second time in the last few days close to lower band of side movement. Ichimoku signals indicate depreciation but we should be aware that during consolidation often false signals are generated.
This is why I recommend to wait for further development of the situation. If there will be permanent break of the support, we can think about opening short position.
This is why I recommend to wait for further development of the situation. If there will be permanent break of the support, we can think about opening short position.
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