160,65. 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 (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 161,40. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
161,20 - 161,40
160,50 - 159,85