167,88. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. EUR JPY is in a range between 166,80 and 168,00. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue to gather momentum. The price should find a support above 167,00.
=> We could take a long position at 167,50. We will put the stop loss below 167,00 (-50 pips). The targets are 168,30 (+80 pips) 169,00 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
168,00 - 168,30
167,50 - 167,00