12 Desember 2016, USD/JPY
Daily chart: the pair is definitely determined to go to 116.69 (upper Bollinger band). Key indicators are close to extremes, it means that there is going to be a big correction soon.
Н4: ADX is in trend! Do not consider any selling against such an aggressive ADX. However, for buying it's not a good time either. It is better to consider entering long, for example, around middle Bollinger band (114.11)
Н1: more localized support and resistance levels are 114.84 and 115.56, middle and upper Bollinger bands respectively). However, support level is not strong enough to hold out against such a fierce ADX.
Expectations: wait for a rise towards 116.69 (possibly through a rollback to 114.84)
Solutions: buy around 116.69 (the best option is to buy in 114.84)