16 June 2016, USD/JPY
Daily chart: the pressure from ADX is still escalating, so far it can be treated only in favor of bears. Support is still at the bottom Bollinger band (105.46). Potential of correction is limited by the middle band (108.59), but betting on growth would be too reliant.
Н4: the two better shaped resistance lines - 106.23 and 106.98 (middle and upper Bollinger bands)
Н1: consolidated range 105.79-106.40
The main scenario: flat 105.79-106.40
The alternative scenario: move under 105.46 and below
Trading solutions: sale from 106.40 to 105.79 and 105.46
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