167,63. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 167,25. The uptrend should continue to gather momentum.
=> We could take a long position at 167,60. We will put the stop loss below 167,20 (-40 pips). The targets are 168,50 (+90 pips) 169,00 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
168,00 - 168,30
167,30 - 166,80