133,70. EUR JPY broke 134,20 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a resistance below 134,50 (80 pips). The downtrend should continue on 132,80 support (90 pips).
134,50 - 135,55
133,50 - 132,80

tags: Forex, eurjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.