164,34. EUR JPY is in an uptrend supported by 1H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 163,90 / 165,00 range. If the support is broken then the target will be 158,00.
=> We could take a short position at 164,40. We will put the stop loss above 165,00 (-60 pips). The targets are 163,50 (+90 pips) 163,00 (+140 pips) 162,00 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
164,40 - 164,95
163,90 - 163,50