157,97. EUR JPY broke 157,70 resistance. 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 high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. 1H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 156,50 / 158,80 range. We won't take a position. The risk/reward ratio is too high to take a position..
158,50 - 158,90
157,20 - 156,50