USDJPY – DownDaily chart: here we are observing general declining chart, so it is only logical to expect breakout of lower Bollinger band (112.06). ADX is not active, so local preliminary price consolidation on current levels is possible. Н4: as we may see here, bearish ADX is ramping up. However, horizontal Bollinger bands indicating flat prevent downside swing. Such situations, as a rule, are managed by upside rollback followed by new decline. So one need to look for selling opportunities in the middle Bollinger band region (114.29). Н1: here we have upside technical correction. Resistance levels are at 113.84, 114.29, 114.59. The pair may start declining again from any of these level towards 113.02. Expectations: decline to 113.02 following touch of one of the levels: 113.84, 114.29, 114.59 Solutions: look for downside entry points from levels 113.84, 114.29, 114.59. Target is 113.02
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