Bollinger Band FX Method View USD/JPY February 23

How to Read Bollinger Bands: USD/JPY Monthly Chart (Forecast for Next Week)

To understand the USD/JPY monthly chart with Bollinger Bands, the long candle from the previous month has a long lower wick due to a sharp drop at the start of the month, and as a reaction, it has risen significantly with a bullish candlestick. However, it is currently capped by the middle band, the red 20 MA, showing a small upper wick and being stopped. Therefore, this middle band is expected to act as a resistance line.

What are the next week's forecasts for Bollinger Bands on the weekly and daily charts? What is the FX technique using Bollinger Bands? Practical records are also公開中！Continue reading