USDJPY – DownDaily chart: we have flat in corridor 111.68-114.21 (Bollinger envelopes range). So we expect touch of upper border and bounce to the downside. Н4: here we are observing reversal bullish Over&Under pattern, thus 112.00 is potential dollar demand region. One may look for possible sell signals in here. Н1: strong resistance level at 113.71 (upper Bollinger band) can trigger rollback towards 112.00 (through supports at 113.11, 112.60) Expectations: Core scenario – touch of 113.71 followed by drop to 112.00 region Alternative scenario – direct growth to 114.21. Solutions: 1. Consider limited buying from 112.00 (with stop-loss below 111.60, and take-profit at 114.20) 2. Consider limited selling from 114.21. 3. Consider intrady selling from 113.71 to 112.00
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