USDJPY – DownDaily Chart: the price has fully tested the middle Bollinger band (101.56). Now a deeper drop to 99.20 (the bottom Bollinger band) and bounce up towards 104.00 (upper band) are equally probable. Н4: at this local frame, the downtrend (towards bottom Bollinger band – 100.94) is still relevant. Resistance is at 102.78 (middle band). ADX is very close to the trendline area, so there is a small doubt that sellers will finalize 100.94. Н1: intraday the pair has entered into a horizontal flat corridor inside Bollinger envelopes (101.30-101.87). ADX is in the weak area, although it is growing. The main scenario – flat 101.30-101.87 The alternative scenario – drop to 100.94-101.00 Trading solutions: sales to 101.30, 101.00
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