124,41. EUR JPY is in an uptrend supported by 1H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The consolidation should continue. The price should continue to move in 123,00 / 126,10 range. If the support breaks then the target will be 122,00 (241 pips).
125,00 - 126,10
123,00 - 122,00