17 August 2016, USD/JPY
Daily chart: drop to to 99.00 (the bottom Bollinger band). At the same time, we see that ADX has not even reached the active trend zone yet, which can cause a deep drop of the pair
Н4: resistance is at 101.11 (the middle Bollinger band), support is at 100.03 (the bottom Bollinger band plus a round psychological level)
Н1: a better shaped resistance is at 100.41 (the middle Bollinger band), support is at 99.68 (the bottom Bollinger band)
The main scenario - touch of 100.41 and then fall to 99.68 and an eye on 99.00
The alternative scenario - correction to 101.11 and then fall to 99.68
Trading solutions: consider downward entries around 100.41 and 101.11.