156,22. 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 is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 157,00. The uptrend seems to be finished. The trend should reverse.
=> We could take a short position at 156,30. We will put the stop loss above 156,80 (-50 pips). The targets are 155,00 (+130 pips) 154,00 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
156,70 - 157,00
156,00 - 155,40

Arnaud Jeulin