Yen. Further reduction is possibly
02 November 2016, USD/JPY
Daily chart: he pair has fallen down to the middle Bollinger band (103.86), and now the road for bears is open (102.46).
H4: intense and marked a breakthrough of the lower Bollinger envelope - it is traditionally a strong bearish signal.
H1: locally ADX is very aggressive, so count on a strong upward correction is not necessary. Support - 103.86, resistance - 104.63.
Expectations:The main scenario - fall to 102.46. Alternative Scenario - upward correction towards 104.63.
Trading solutions: So, looking for short positions towards 102.46.
Aleksey PanasenkoAnalyst of «FreshForex» company
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