119,16. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 119,80 (64 pips). The consolidation should continue.
119,80 - 121,00
118,20 - 117,20