103,40. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,70 / 104,00. The downtrend should continue to gather momentum. The target is expected at 102,00.
103,70 - 104,00
103,20 - 102,60