103,56. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,70. The downtrend should continue to gather momentum. The target is expected at 102,00.
103,70 - 104,15
103,00 - 102,60