Forex Technical Analysis: Trend potential – Yen. The dual situation

USDJPY – DownDaily chart: ADX is very active, close to aggressive, so we can talk about the readiness of buyers to the attack resistance 105.48 (upper Bollinger band), further growth to 106.74. H4: after the break of the envelope top, the pair tested the middle Bollinger band (104.75), where the bulls can try the strength of 105.48 (upper Bollinger band). Here, as you can see, ADX is in a weak condition, so a breakthrough is not expected. H4: reaffirm the strong resistance zone of 105.48 (upper Bollinger band). It is possible to consider and bear pattern. Over&Under in the 105.30 area. H1:Reaffirm the strong resistance zone of 105.48 (upper Bollinger band). It is possible to consider and bear pattern Over&Under in the 105.30 area. Expectations: So, wait for growth in 105.30-105.48 area and then decline towards 104.37. Trading solutions: Long positions to 105.30-105.48 Short positions from 105.30-105.48
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Forex Technical Analysis: Trend potential – Pound. 1.2137-1.2216 – range for this day

GBPUSD – FlatDaily chart: the pair consolidates within the lower Bollinger envelope (1.1893-1.2360), and ADX continues to be aggressive in the trend area, that could spell surprises in the form of pulse distributions. H4: there is a horizontal band within the range of the Bollinger envelopes (1.2137-1.2243). ADX is weak, so the range is not expected. H1: slightly more localized range for intraday trading – 1.2137-1.2216. A bunch ADX/RSI is synchronously adjusted, which gives certain advantage to the bulls. Expectations:so, we wait for a reduction in the area of 1.2137 and then growth to 1.2216. As some alternative to this scenario could be the option with the rebound from 1.2174. Trading solutions: looking for buying in the 1.2137 area with the 1.2216 aim.
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