158,36. EUR JPY is in a consolidation after the last bullish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The consolidation should continue. The price should find a resistance below 158,50. If the resistance is broken then the target will be 160,00 (160 pips).
158,50 - 159,50
157,00 - 155,00