128,65. EUR JPY is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. 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 129,00 (35 pips). The downtrend should continue to gather momentum.
129,00 - 129,70
128,10 - 127,30