129,65. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The consolidation should continue. The price should find a resistance below 131,00 (135 pips).
Resistances
130,40 - 133,90
Supports
129,00 - 127,00

tags: Forex, eurjpy
author: Arnaud Jeulin
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