156,96. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. There is an horizontal range between 156,60 and 157,40. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 156,00. If the support is broken then the target will be 154,00 (300 pips).
157,00 - 157,60
156,50 - 156,00