168,40. EUR JPY is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 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 target is expected at 169,50.
=> We could take a long position at 168,40. We will put the stop loss below 168,00 (-40 pips). The targets are 169,00 (+60 pips) 169,50 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
168,50 - 169,00
168,05 - 167,50