98,33. USD JPY broke 98,00 resistance. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should find a resistance below 99,00. We won't take a position. The risk/reward ratio is too high to take a position..
98,40 - 99,00
98,00 - 97,00