118,66. EUR JPY is in an downtrend directed by 1H exponential moving averages. The price is just above 118,00 support. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a support above 117,80 (86 pips). The price should consolidate. If the support is broken then the target will be 113,50 (516 pips).
118,85 - 119,80
117,80 - 117,25