166,15. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a support above 165,30. The uptrend should continue on 167,00 (85 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
166,50 - 167,00
165,60 - 165,00