89,12. There is an horizontal range between 88,80 and 89,80. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 88,80 (32 pips). If the support is broken then the target will be 88,50 (62 pips).
- 89,30 - 89,80
- 88,80 - 88,50