94,30. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 94,15 (15 pips). The price should consolidate.
Resistances
94,70 - 95,50
Supports
94,15 - 93,85

tags: Forex, usdjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.