Daily: amid the strengthening of the euro and the pound against the dollar, the “American” can lose significantly against the Japanese yen. If the bears sell the Bollinger mid-band here at 139.11, they will get the space of the lower envelope to develop for the rest of the week.

H4: here the pair is already traded down, being in the lower Bollinger envelope. We expect the price at 138.69 (lower band).

H1: repeated breakdown of the lower Bollinger envelope indicates that the price may increase the fall. However, ADX has not reached the trend zone yet, so sellers can get much better entry points near the middle band (139.38).

Conclusions: a pullback to 139.38, then a decline towards 138.69.

Recommendations: Sell from the 139.38 zone to 138.69.