106,08. USD JPY is in a consolidation after the last bullish movement. The price is just bellow 106,25 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue. The price should find a resistance below 106,25 / 106,50. If the resistance is broken then the target will be 108,00.
We are waiting for a break of resistance to take a long position.
106,25 - 108,00
105,60 - 105,00