USDJPY – DownDaily chart: ADX is falling, Bollinger envelopes are stable in 111.73-114.77 range, all that retains general downward chart structure. Н4: more localized flat corridor of 112.61-114.02 (Bollinger envelopes range). Here ADX is growing and active, so bulls may fall into the bearish trap set during the previous day session. Н1: here we have reversal bullish Over&Under pattern with potential dollar demand region around 113.00. Resistance level in 113.69 region (upper Bollinger band) may cause correction towards 113.00 Expectations: touch in 113.69-114.02 followed by decline towards 113.00 region Solutions: consider selling from 114.02 to 113.00
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_85043.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
