106,18. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 106,50. The downtrend should continue to gather momentum. The target is expected at 104,50 (170 pips).
106,50 - 106,75
106,00 - 105,70