Bollinger Bands FX Method How to Read USD/JPY April 20

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

In terms of how to read Bollinger Bands for USD/JPY on the monthly chart, the Bollinger Bands can be seen as nearly parallel and in a range. Since last month the candlestick closed with a bearish candle right at the red line 20 EMA, this could be interpreted as a pullback at the red line 20 EMA leading to this month's bullish candle. However, the current price is near the high of last month’s candle, and it remains to be seen whether it can break above this high or get pushed back downward.

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