167,42. EUR JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue on 166,20 (120 pips) support.
=> We could take a short position at 167,50. We will put the stop loss above 167,90 (-40 pips). The targets are 166,90 (+60 pips) 166,20 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
167,80 - 168,05
167,15 - 166,90