121,18. EUR JPY broke 119,25 resistance. EUR JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 122,50 (132 pips). The consolidation should continue. If the resistance is broken then the target will be 124,00 (282 pips).
122,00 - 122,50
120,75 - 119,25