104,23. USD JPY broke 103,50 resistance. USD JPY is in a range between 102,75 and 104,40. The volatility rises. Bollinger bands are tightened. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 104,40. The price should consolidate. If the resistance is broken then the target will be 105,00 (80 pips). We won't take a position. The risk/reward ratio is too high to take a position..
104,40 - 105,00
103,70 - 103,00