169,78. EUR JPY is in a range between 169,00 and 170,00. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 169,00 / 170,00 range. If the resistance is broken then the target will be 171,30 (150 pips).
We are waiting for a break of resistance to take a long position.

updated 23 juil 2008 12:59 GMT