107,80. USD JPY broke 107,50 resistance. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 106,80 / 108,50 range. We won't take a position. The risk/reward ratio is too high to take a position..
108,00 - 108,50
107,50 - 107,20