164,24. EUR JPY is in an uptrend supported by 1H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 165,00 / 165,30. We won't take a position. The risk/reward ratio is too high to take a position..
165,00 - 165,30
164,00 -163,40