105,83. USD JPY broke 106,00 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The target is expected at 105,00 (80 pips).
Resistances
106,00 - 106,90
Supports
105,70 - 105,00