163,75. EUR JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue to gather momentum. The target is expected at 165,00.
=> We could take a long position at 163,60. We will put the stop loss below 163,20 (-40 pips). The targets are 164,25 (+65 pips) 165,00 (+14 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
163,90 - 164,25
163,55 - 163,25