137,27. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 137,75 (48 pips). The consolidation should continue. If the resistance breaks then the target will be 140,00 (273 pips).
- 137,75 - 138,40
- 136,70 - 135,40