131,07. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should consolidate. The price should find a resistance below 132,00 (93 pips).
Resistances
132,00 - 133,50
Supports
130,95 - 129,75

tags: Forex, eurjpy
author: Arnaud Jeulin
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