106,01. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 106,50. The consolidation should continue. The price should continue to move in 105,00 / 106,50 range. We won't take a position. The risk/reward ratio is too high to take a position..
106,50 - 107,20
105,90 - 105,00