159,86. 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 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 support above 159,50. The uptrend should continue to gather momentum. The target is expected at 161,00.
160,40 - 161,00
159,50 - 159,30