A drop to 100.59 | 05 July 2016
05 July 2016, USD/JPY
Daily chart: a high probability of touching the lower Bollinger band (100.59). The potential for a further breakthrough is also expressed.
Н4: a strong tendency to break down towards 100.59. ADX is in trending condition, so it is the main scenario for today.
Н1: multiple bars outside of the envelope, it can boost correction as well. But I think that bears have enough potential to finalize 100.59.
Expectations: fall to 100.59
Solutions: sales to 100.59
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
