Falling to 109.00

15.07.2021

Daily chart: bears maintain pressure on the pair, so support in the lower Bollinger band (109.62) may be broken, which will lead to a drop in quotes to the psychological level of 109.00.

Н4: the local bearish trend potential of the ADX also indicates the dominant position of sellers. Therefore, the forecast for a fall to 109.00 is relevant.

Н1: as we can see, there is a negative dynamics for the Japanese yen on all timeframes. We consider short positions with the expectation of working out the target of 109.00.

Conclusions: falling to 109.00.
Trading decisions: sales to 109.00.