130,54. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a resistance below 131,00 (46 pips). The downtrend should continue to gather momentum.
Resistances
131,00 - 131,65
Supports
129,80 - 129,00

tags: Forex, eurjpy
author: Arnaud Jeulin
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