10 January 2017, USD/JPY
Daily chart: ADX is very weak, so support level of 115.25 (lower Bollinger band) is not likely to be broken. That gives an opportunity to correct the price towards 116.89 (middle Bollinger band)
Н4: there is a strong valid support level in the range of lower Bollinger band (115.14). On the plus side for bulls, they may be able to get a nice inside bar. They might choose upper Bollinger band (117.54) as a target
Н1: bulls have started to shape a very smooth Over&Under pattern, which allows us to count on a rise towards resistance levels of 116.89 and 117.54
Expectations: rise to 116.89 and 117.54
Trading solutions: consider buying towards 116.89 and 117.54
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