97,05. USD JPY broke 97,65 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 97,50 (45 pips). The downtrend should continue on 96,50 support (55 pips). If the support breaks then the target will be 94,20 (285 pips).
97,50 - 98,00
97,00 - 96,50