USDJPY, turn down

Daily chart: Couple tests a medium-term resistance area 116.01-116.10, from where, with a high probability, we will see the reversal of the market down: There is a top border of the Bollinger envelopes, and the ADX trend potential required for breakdown is not achieved.

N4: The local upper strip of the Bollinger (116.23) was not strictly tested, so it is impossible to exclude another short pulse up before the final reversal.

H1: On the hourly chart, the upper Bollinger envelope, which will allow buyers to take another movement up from 115.91 to 116.23.

Conclusions: Reduced to 115.91, then height to 116.23, then turn down.


1. Shopping from 115.91 to 116.23.

2. Sales from 116.23 to 115.91.