USDJPY – DownDaily chart: previous week closed very favorably for bears with pinbar from middle Bollinger band. Considering distinct descending pattern one can sell from current levels with stops at Friday highs. Mid-term target is lower Bollinger band (111.57) and lower levels. Н4: technical downward correction towards 112.64 and 111.57 (middle and lower Bollinger band). Н1: here we are also observing trading set-up that agree with day chart: very active trending ADX along with lower Bollinger envelope breakout. One can sell towards 111.57 without hesitation! Expectations: drop to 111.57 from current levels. Solutions: consider selling to 111.57 from current levels.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_84923.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
