21 June 2016, USD/JPY
Daily chart: Bears still exert an aggressive pressure, as evidenced by trend ADX, which is probably enough to get the pair to new Lows
Н4: pressure from ADX is here as well, therefore support 103.38 will be under exposure.
Н1: another frame, where we see the trend interest of ADX, resistance from the middle Bollinger band (104.44) can be tested, but no purchases are considered
Expectations: The main scenario - decline to 103.00 and below
The alternative - a pullback to 104.44 and then fall to 103.00
Solutions: sales to 103.00 and below.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us