96,44. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 95,80 (64 pips). The consolidation should continue. If the support breaks then the target will be 92,00 (444 pips).
96,70 - 97,95
95,80 - 94,85