USDJPY – DownDaily chart: there is quite aggressive break of lower Bollinger envelope against the background of aggressive ADX. This is an evident signal of down move. Consider only selling. Н4: locally we are observing moving to the downside. Here a rollback towards 114.40 (middle Bollinger band) would be appropriate. From this level one may sell again. Н1: there is even more localized resistance level at 114.00 (middle Bollinger band and round psychological level). There are 4 bars in a row beyond Bollinger bands, which is correction signal. Expectations: we would expect correction towards 114.00 and later a new drop towards 113.00 Solutions: consider selling from 114.00 to 113.00
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