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Ready, steady, go!

Ready, steady, go! | 26 December 2016

26 December 2016, USD/JPY

Daily chart: everything is finally ready for downward reversal towards 115.20 and 111.37 (middle and lower Bollinger bands respectively). The situation is very intense - there is a lot of inside bars and strong oscillator divergence. Everything leads to decline.

Ready, steady, go!

Н4: ADX is very active and envelopes are stable. The price might move again inside the range of 117.13-118.04.

Ready, steady, go!

Н1: there is a nice bullish inside bar and ADX is close to the aggressive state. Sell from the current levels!

Ready, steady, go!

Expectations: we expect immediate decline towards 115.20

Solutions: sell towards 115.20

Aleksey Panasenko
FreshForex Analyst
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