106,26. USD JPY is in a range between 105,50 and 108,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 105,50 (75 pips). We won't take a position. The risk/reward ratio is too high to take a position..
106,60 - 107,00
106,00 - 105,50