Bollinger Bands FX Method View USD/JPY March 23

How to interpret Bollinger Bands: USD/JPY Monthly Chart (Next Week’s Forecast)

Regarding the interpretation of Bollinger Bands for USD/JPY on the monthly chart, a single bullish candle pushed decisively from near the -1σ Bollinger Band toward the middle band, which is the 20-period moving average (red line), breaking through the middle band and entering the zone between the middle band and +1σ. It seemed like there would be momentum to exceed +1σ, but momentum slowed here, and it again crossed the middle band from above to below. Currently, the closing price is right at the midpoint between the middle band and -1σ, showing a bearish candle, so it is basically considered to be biased downward.

What are next week’s forecasts for Bollinger Bands on the weekly and daily charts? What FX techniques use Bollinger Bands? Practical records are also 공개. Read more here