98,53. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The price is just bellow 98,70 resistance. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a support above 98,00 (53 pips). The uptrend should continue to gather momentum.
98,70 - 99,00
98,00 - 97,00