153,32. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 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.
=> We could take a short position at 153,40. We will put the stop loss above 154,10 (-70 pips). The targets are 152,30 (+110 pips) 151,00 (+240 pips) 150,00 (+340 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
153,85 - 154,85
152,30 - 151,00