13 Februari 2017, USD/JPY
Daily chart: previous week closed very favorably for bears with pinbar from middle Bollinger band. Considering distinct descending pattern one can sell from current levels with stops at Friday highs. Mid-term target is lower Bollinger band (111.57) and lower levels.
Н4: technical downward correction towards 112.64 and 111.57 (middle and lower Bollinger band).
Н1: here we are also observing trading set-up that agree with day chart: very active trending ADX along with lower Bollinger envelope breakout. One can sell towards 111.57 without hesitation!
Expectations: drop to 111.57 from current levels.
Solutions: consider selling to 111.57 from current levels.