17 Juni 2016, USD/JPY
Daily chart: a very active ADX is likely to ingore some oversoldness, which will cause a deeper drop to 102.50
Н4: a similar picture: technical analysis predicts correction, but talking about it is too early, because the ADX is pressing and there are no signs of weakening. A potential "ceiling" of correction is the middle Bollinger band (105.64)
Н1: consolidation within the bottom envelope (103.30-104.44)
The main scenario: decline to 103.30 and then an upward bounce The alternative scenario: a deeper decline towards 102.50
Trading solutions: sale to 103.30 and 102.50