167,47. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue on 168,50 (100 pips) resistance.
=> We could take a long position at 167,50. We will put the stop loss below 167,00 (-50 pips). The targets are 168,50 (+100 pips) 169,00 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
167,85 - 168,50
167,20 - 167,00