13 Maret 2017, USD/JPY
Daily chart: ADX is ramping up, the pair is trapped in the middle of 200-pip corridor (113.75-115.50).
Н4: intermediate support level is on middle Bollinger band (114.64). If it's broken, bears will push the price further to support level at 113.75 (lower Bollinger band). Resistance level is at 115.50 (upper Bollinger band).
Н1: pressure to the downside is growing stronger making bears' job easier. They need to break 114.46 region (lower Bollinger band) to move down at faster pace.
Expectations: drop to 113.75
Solutions: consider selling to 113.75