124,20. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 125,00 (80 pips). The consolidation should continue. If the support breaks then the target will be 126,00 (180 pips).
125,00 - 126,00
123,90 - 122,00