167,16. 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 is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 167,00. The uptrend should continue to gather momentum.
=> We could take a long position at 167,15. We will put the stop loss below 166,70 (-45 pips). The targets are 168,00 (+85 pips) 169,00 (+185 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
167,40 - 167,85
167,00 - 166,70