127,99. EUR JPY broke 127,35 resistance. 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 decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should continue to move in 126,10 / 128,50 range. We won't take a position.
128,50 - 129,75
127,35 - 126,10