167,87. 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 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 167,60. The uptrend should continue to gather momentum.
=> We could take a long position at 167,85. We will put the stop loss below 167,50 (-35 pips). The targets are 168,40 (+55 pips) 168,90 (+105 pips) 169,50 (+165 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
168,25 - 168,40
167,65 - 167,00