117,02. 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 is low. Bollinger bands are flat. ForexTrend 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 116,45 (57 pips). The price should consolidate. The price should continue to move in Bollinger bands. If the support is broken then the target will be 110,00 (702 pips).
118,05 - 119,80
116,45 - 114,85