USDJPY – DownDaily chart: ADX/RSI sharply changed to correction, by this it confirms strong resistance level at 113.52 (middle Bollinger band). Н4: strong ADX, however, there are four pinbars in the row beyond Bollinger envelopes (that is reversal signal). In any case this chart needs correction towards 112.46. However, bulls might surprise us with another sharp upside move. Н1: here one can feel the full readiness to unleash downside correction towards support levels at 113.19 and 112.46 (middle and lower Bollinger band) Expectations: downside correction towards 113.19 and 112.46 (may follow touch of 114.13; from here one may consider selling). Solutions: consider selling to 113.19 and 112.46 (the best option is to sell from 114.13)
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