104,20. 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. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 105,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
104,35 - 104,80
104,05 - 103,80