107,61. USD JPY broke 107,00 resistance. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 108,50. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
107,90 - 108,50
106,70 - 106,00