102,99. USD JPY broke 102,25 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should find a resistance below 103,20 / 103,50. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
103,20 - 103,50
Supports
102,80 - 102,25