113,42. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 112,80 and 113,50. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 112,80 / 113,50 range. If the resistance is broken then the target will be 114,10 (65 pips). We won't take a position. The risk/reward ratio is too high to take a position..
113,50 - 113,70
113,20 - 112,80