23 August 2016, USD/JPY
Daily chart: the pair continues to keep moving to the bottom Bollinger band (98.45)
Н4: at this local frame, the price is concentrated within Bollinger envelopes (corridor 99.81 - 100.72)
Н1: an ambiguous situation. Support 99.81 looks quite robust and tight, but active ADX favors bears, which could allow them to rely on a deeper breakthrough.
The main scenario - decline to 99.81 and then rebound towards 100.26
The alternative scenario - fall to 99.45
Trading solutions: the range is not much suitable to open trade, although aggressive sellers can take a chance to open trades up to 99.45