Bollinger Bands FX Method Perspective USD/JPY January 12

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

Regarding how to read the Bollinger Bands for the USD/JPY monthly chart, although the early-week crash pierced deeply to -2σ, the subsequent rebound appears to be due to the impact of the deviation, and the USD/JPY monthly chart has currently retraced to -1σ after forming a large lower wick. Since the USD/JPY monthly chart is currently positioned just above -1σ, it is unclear whether it will move higher or lower from here; however, there is a strong wall below in the form of the purple 200 MA, so it is judged that breaking below this level will not be easy. Therefore, for a while longer, it is expected to trade within the range between -1σ and the 200 MA support line on the USD/JPY monthly chart.

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