Monthly reviews

USDJPY

Analysis method - “Trend Potential” November 1, 2018

USDJPY

The major shows moderate bullish pressure in direction of upper Bollinger band (115.26), where the resistance resides, that saves from probable rally in direction 118.62 and 123.05. Thus, after touch of the 115.26 level, we can expect downward correction.

USDJPY

Tendency for contraction of Bollinger bands in context of weak ADX preserves. The range of long-term trading is limited by 106.46-115.73 borders

USDJPY

The major is breaking to the upper Bollinger bands, to achieve that bulls have penetrate local barrier 110.42

USDJPY

Weak falling ADX tells about probable continuation of pair’s flat in the middle Bollinger band area (110.48).