Forexpamm

USDJPY, Couple can fall to 114.71

Daily chart: The growth of quotations stopped in the Zone of Proposition 115.08-115.15, where the recommended entry area in the Bear pattern O & U is located. Causes doubts a very active trend pressure ADX. But, in this case, back correlating tools (EURUSD / GBPUSD), it seems, decided on the rising direction, which increases the likelihood of turning down here.

H4: Bulls could not pierce the top envelope of the Bollinger, showing a noticeable weakness under the closure of trading on Friday. Thus, there is a significant The probability of continuing to reduce to 114.71 (lower band of the Bollinger).

H1: Low trend potential and stable Bollinger envelopes can talk about further short-term sidewall within the range of 115.01-115.15. But such a sidewall will be correct to consider both preparations for further decrease.

Conclusions: Protaging in the range 115.01-115.15 and then a further decrease in 16.71.

Trade Solutions: Sales from Zone 115.15 to 114.71.