Bollinger Bands FX Method View USDJPY February 16

How to read Bollinger Bands: USD/JPY Monthly Chart (Forecast for next week)

As for the interpretation of Bollinger Bands for USD/JPY on the monthly chart, the sharp drop at the beginning of the year last month caused -1σ, -2σ, and the purple 200MA, which is considered the only strong wall that institutional investors pay attention to, to be broken through all at once. However, since it was temporary, there was a rebound, and it has recently formed a bullish candle and moved above the pre-crash price. Currently it is between -1σ and the middle band, the red 20MA, and with the red 20MA acting as resistance, it is expected that this red 20MA will function as resistance.

What are the next week's forecasts for the Bollinger Bands on the weekly and daily charts? What are the FX techniques using Bollinger Bands? Practice records are also published! Read more