128,21. 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 is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a resistance below 130,00 (179 pips). The downtrend should continue to gather momentum.
Resistances
129,90 - 130,90
Supports
127,80 - 127,00

tags: Forex, eurjpy
author: Arnaud Jeulin
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