USDJPY – Down
Daily chart: he pair has fallen down to the middle Bollinger band (103.86), and now the road for bears is open (102.46).
H4: intense and marked a breakthrough of the lower Bollinger envelope – it is traditionally a strong bearish signal.
H1: locally ADX is very aggressive, so count on a strong upward correction is not necessary. Support – 103.86, resistance – 104.63.
Expectations:The main scenario – fall to 102.46. Alternative Scenario – upward correction towards 104.63.
Trading solutions: So, looking for short positions towards 102.46.
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