107,81. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue. The price should continue to move in 107,20 / 118,20 range. If the resistance is broken then the target will be 119,00.
We are waiting for a break of resistance to take a long position.
108,00 - 108,20
107,60 - 107,20