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A drop to 100.59

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

Aleksey Panasenko
Analyst of «FreshForex» company
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