Monthly reviews

USDJPY market technical outlook


Analysis method - “Trend Potential”

June 30, 2018

Monthly chart: The major is breaking to the upper Bollinger bands, to achieve that bulls have penetrate local barrier 110.42 (middle Bollinger band). Close of the week, in this sense, was perspective for buyers, therefore, space for further growth in direction of upper Bollinger band (117.31) is opened. At the same time we have to mark weak falling ADX, that indicates an absence of momentum potential.

Expectations: Systematic growth in direction 117.31.

Trading recommendations: Longs in direction 117.31.