104,65. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 104,10 and 104,80. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 104,80. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
104,80 - 105,00
104,40 - 104,10