USDJPY – DownDaily chart: we may treat active trending ADX both as bearish support (they are trend masters now) and as bullish support, as the previous day was closed with bullish inside bar, so there might be reversal potential, as I said it’s 50/50 situation. Н4: there is flat corridor within Bollinger bands range (111.63-113.07). Oscillators shows signs of bullish convergence. ADX here is weak, so the price is not likely to leave this region today. Н1: the pair is likely to fall drastically very soon considering growing ADX. Expectations: Core scenario – sharp fall from current levels towards 111.63 Alternative scenario – flat around 112.27 Solutions: consider selling to 111.63
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