165,30. EUR JPY broke 163,50 resistance. EUR JPY is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue to gather momentum. The price should find a support above 164,50.
=> We could take a long position at 165,00. We will put the stop loss below 164,50 (-50 pips). The targets are 166,00 (+100 pips) 167,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
165,50 - 166,20
164,50 - 164,25