158,00. EUR JPY is in a range between 155,50 and 159,00. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should continue to move in 155,50 / 159,00 range. If the resistance is broken then the target will be 160,00 (200 pips).
158,30 - 159,00
157,40 - 155,50