Falling deeper | 20 Juni 2016
20 Juni 2016, USD/JPY
Daily chart: a very active trend ADX shows a full advantage of sellers, who have all chances to produced an even deeper downward movement to 103.00 and 102.00.
Н4: alsj an aggressive status of ADX. Despite a certain extent of oversoldness, there are many doubts that the pair will retain support 103.38 (bottom Bollinger band)
Н1: a local support lies at 104.00 (the bottom Bollinger band). But we can not ignore the trend activity from ADX, so far there are no other options but for a deeper fall of the pair.
Expectations: decline to 103.00 and possibly to 102.00
Trading solutions: sell to 103.00 and 102.00
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.
