01 Februari 2017, USD/JPY
Daily chart: the pair still sticks to decline that hasn't shown any fluctuation yet but it might be close. Now the price is trapped inside lower envelope range (112.06-114.73), that's why we would expect new wave of sells after upside rollback.
Н4: ADX/RSI represents classical set-up for technical correction. Resistance level on middle Bollinger band (114.09) may get substantial supply of dollar and may cause local price collapse towards 112.52 and 112.02.
Н1: more localized resistance level is in 113.66 region (upper Bollinger band). Consider selling from 112.52 region or lower, as ADX is quite active already.
Expectations: we are expecting the price to touch 113.66 and then decline to 112.06 or lower.
Solutions: consider selling from 113.66 to 112.06