166,06. 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. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 166,00. The uptrend should continue to gather momentum.
=> We could take a long position at 166,05. We will put the stop loss below 165,50 (-55 pips). The targets are 167,15 (+110 pips) 167,60 (+155 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
167,15 - 167,60
166,00 - 165,60