USDJPY – Down
Daily chart: an active phase of decline against enhanced activity on ADX, that almost certainly will allow sellers to finalize the middle Bollinger band (101.87)
Н4: a better shaped support zone around the lower Bollinger band (102.33). ADX is correcting, so it is unlikely that we will see a deeper break down.
Н1: active trend potential ADX in favor of bears, so we wait for development of the descending wave towards 102.33 and then, perhaps, to 101.87.
Expectations: continued drop in the direction of support for 102.33 and possibly to 101.87
Solutions: only sales with profit taking around 102.33 and 101.87.
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