166,68. EUR JPY is in an uptrend supported by 1H 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue to gather momentum.
=> We could take a long position at 166,60. We will put the stop loss below 166,10 (-50 pips). The targets are 167,20 (+60 pips) 168,00 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
166,80 - 167,20
166,30 - 166,00