07 July 2016, USD/JPY
Daily chart: ADX in the active trend zone, which means that bearish potential remains.
Н4: a strong support around 100.47 (the lower Bollinger band) - the pair is dropping against the declining oscillator and ADX. This means that sellers do not have the trend component in the movement.
Н1: the bullish Over&Under with the entry point on support 100.47
The main scenario - drop to 100.47 and then rise to 101.54 and perhaps, 101.93
The alternative scenario - drop under 100.00
Trading solutions: put Buy Limit orders from 100.50 to 101.50
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us