USDJPY neutral

And once again we wait for Bollinger bands!

09 february 2022 84
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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Today we observe a picture of formation of a signal for Bollinger bands reversal.


Though this time, we wait for the downward reversal of the currency pair.


When the price reaches the upper Bollinger bands, a short position for USDJPY can be opened.



Macrostatistics of the Japanese yen is slightly better in comparison with the US dollar which also implies a certain decline of the pair:


Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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