105,34. USD JPY broke 105,00 resistance. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should consolidate. The price should find a resistance below 105,60. If the resistance is broken then the target will be 107,50.
- 105,50 - 105,80
- 105,00 - 104,70