106,88. USD JPY is in a range between 105,50 and 108,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 105,50 / 108,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
107,10 - 108,00
Supports
106,00 - 105,50