Bollinger Bands FX Method How to View USD/JPY April 27

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

Regarding how to read Bollinger Bands on the USD/JPY monthly chart, compared to last month, both the high and low have been raised and the current price is forming a bullish candle, suggesting an uptrend. Additionally, the red line 20MA, which is the middle band of Bollinger Bands, shows a lower wick and a rebound upward, indicating that this red 20MA line is functioning as a support level, so an upward trend is expected to continue.

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