104,82. 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. The consolidation should continue. The price should continue to move in 103,80 / 105,80 range. We won't take a position. The risk/reward ratio is too high to take a position..

updated 06 mai 2008 05:53 GMT +02:00