164,09. EUR JPY broke 163,90 resistance. EUR JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue on 164,80 (70 pips) resistance.
=> We could take a long position at 164,00. We will put the stop loss below 163,70 (-30 pips). The targets are 164,50 (+50 pips) 164,80 (+80 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
164,30 - 164,80
163,90 - 163,50