106,14. USD JPY broke 105,60 resistance. USD JPY is in a consolidation after the last bullish movement. The price is just bellow 106,25 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 106,25. The consolidation should continue. If the resistance is broken then the target will be 109,00. We won't take a position.
106,25 - 108,00
105,60 - 105,00