Forex Technical Analysis: Trend potential – Decline to 100.04 and followed by an upward rollback

USDJPY – DownDaily chart: the pair retains southern orientation towards 99.00 (bottom Bollinger Band). At the same time, bears have no potential for a deeper breakthrough, cause ADX is turned down and is going through correction. It can also talk about continuation of flat at the current levels. Н4: calm flat 100.04-100.67 (inside Bollinger envelopes) Н1: local aggression towards 100.04. Intermediate support is at 100.34 (bottom Bollinger band), but it seems to be under load – ADX is in the active phase. Expectations: fall to 100.04 and an upward bounce Solutions: 1. Sell to 100.04 2. Buy from 100.04
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