155,19. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue to gather momentum. The target is expected at 150,00 (510 pips).
=> We could take a short position at 155,30. We will put the stop loss above 156,00 (-70 pips). The targets are 154,40 (+90 pips) 153,70 (160 pips) 150,00 (530 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
155,70 - 156,45
155,00 - 154,40