Forex Technical Analysis: Trend potential – Decline to 98.52 is possible

USDJPY – DownDaily chart: a continued gradual drop of the pair towards the bottom Bollinger band (98.52). At the same time it is clear that, from ADX point of view, everything is just beginning – the goal in the end could be much more ambitious. Н4: there is an accumulation of bearish pressure from ADX, so we are waiting for a breakthrough of support 99.69 (the bottom Bollinger band) Н1: a similar picture, but it is clear that support of 99.59 slightly delay the pair inside the flat because ADX is going through correction The main scenario – decline towards 98.52 The alternative scenario – decline to 99.59 and then flat inside 99.52 – 100.22 Solutions: sales to 98.52
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