Sales again | 21 Juni 2016
21 Juni 2016, USD/JPY
Daily chart: Bears still exert an aggressive pressure, as evidenced by trend ADX, which is probably enough to get the pair to new Lows
Н4: pressure from ADX is here as well, therefore support 103.38 will be under exposure.
Н1: another frame, where we see the trend interest of ADX, resistance from the middle Bollinger band (104.44) can be tested, but no purchases are considered
Expectations: The main scenario - decline to 103.00 and below
The alternative - a pullback to 104.44 and then fall to 103.00
Solutions: sales to 103.00 and below.
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.
