126,85. 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 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a resistance below 127,70 (85 pips). The downtrend should continue to gather momentum.
- 127,70 - 128,30
- 126,50 - 126,10