103,45. USD JPY broke 102,40 resistance. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 103,60. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
103,60 - 104,00
102,80 - 102,40