129,25. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 130,20 (95 pips). The downtrend should continue to gather momentum.
130,20 - 130,75
128,90 - 128,00