124,32. EUR JPY broke 125,50 support. EUR JPY is in a consolidation after the last bearish movement. The price is just above 124,10 support. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. If the support is broken then the target will be 122,50 (182 pips).
=> We could take a short position at 124,40. We will put the stop loss above 125,10 (-70 pips). The targets are 123,00 (+140 pips, risk/reward 1:2), 122,50 (+190 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
125,00 - 125,50
124,10 - 122,90