103,72. USD JPY broke 103,00 resistance. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (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 find a support above 103,50. If the support is broken then the target will be 102,00. We won't take a position. The risk/reward ratio is too high to take a position..
104,00 - 104,60
103,50 - 103,00