166,68. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. EUR JPY is in a range between 165,55 and 167,00. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 167,00. If the resistance is broken then the target will be 169,00 (230 pips).
We are waiting for a break of resistance to take a long position.
167,00 - 167,50
166,30 - 165,55