163,94. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The uptrend should continue on 165,00 resistance. We won't take a position. The risk/reward ratio is too high to take a position..
164,30 - 165,00
163,50 - 162,75