Preparations for the new drop | 14 Juni 2016
14 Juni 2016, USD/JPY
Daily chart: a very active bearish trend ADX suggests the possibility of a new strong drop of the pair with yet vague goals. But today we can talk about the 104th figure.
Н4: a local ADX does not have a sufficient capacity yet, so we leave space for another upward correction to 106.55 (middle Bollinger band)
Н1: a similar picture, but with better shaped levels. Support is at 105.64 and resistance - in the middle (106.08)
Expectations: The main scenario - touch of 105.64, return to 106.08 and then the main phaseof drop to 104th figure
The alternative scenario - a direct drop to 104.50
Trading solutions: sale from 106.00-106.08
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
