134,20. EUR JPY is in a consolidation after the last bullish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 134,75 (55 pips). The price should consolidate.
Resistances
134,75 - 135,70
Supports
133,40 - 131,65

tags: Forex, eurjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.