107,29. USD JPY broke 107,00 resistance. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 106,00 and 107,75. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 107,75. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
107,75 - 108,10
107,00 - 106,80