107,67. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 107,50. The consolidation should continue. If the support is broken then the target will be 106,50.
We are waiting for a break of support to take a short position.
108,00 - 108,60
107,50 - 106,50