169,25. EUR JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a support above 169,00. The uptrend should continue to gather momentum.
=> We could take a long position at 169,20. We will put the stop loss below 168,80 (-40 pips). The targets are 170,00 (+80 pips) 170,20 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
169,35 - 170,00
169,00 - 168,70