Bollinger Bands FX Method View USD/JPY January 19

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



In terms of viewing Bollinger Bands for USD/JPY on the monthly chart, the current value is located at the middle band and the -1σ position. After the sharp drop at the beginning of the month, the price has greatly exceeded the -2σ of the Bollinger Bands and has now returned to its pre-crash level, forming a very long lower shadow. Since the body of the candlestick has almost disappeared due to the rebound, it is notable whether the momentum will push the price higher in a buy reversal or continue to fall downward.

What are the forecasts for the Bollinger Bands on the weekly and daily charts for next week? What are the FX methods using Bollinger Bands? Practical records are also published! Continue reading