158,45. EUR JPY is in a range between 157,15 and 158,50. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. The price should find a resistance below 158,50 / 159,00. If the resistance is broken then the target will be 160,00. We won't take a position. The risk/reward ratio is too high to take a position..
158,50 - 159,00
157,15 - 155,60