114,80. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 116,10 (130 pips). The downtrend should continue to gather momentum. The price should find a support above 113,00 (180 pips).
116,10 - 117,30
114,00 - 112,50