USDJPY – DownDaily chart: previous day ended with bullish inside bar (which is, by the way, the opposite of EUR/USD situation. This is an additional technical indicator of pair growth predicting), so wait for the price to go to upper Bollinger band (116.71) Н4: Upward potential is growing. Trading between 114.05 and 114.40 levels is possible. Н1: There is a very simular situation. ADX is not strong enough, that’s why there is a chance of a downward rollback to 114.06, where one can surely buy dollar. Expectations: wait for a rise towards 116.71. In such case a preliminary rollback towards 114.06 is possible Solutions: buy closer to 116.71 (extraday is possible). The best entry point is 114.06.
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