Hello Traders ,
We are expecting USDJPY to move up towards its 50SMA on weekly , since price is at major support and indecision towards downside is seen .
Also whenever we see this type of condition in bollinger band when price is far out of band in higher time frames most of the times price tends to come back inside the band's trading range and many times towards 9 or 20 moving avergaes too , hence even though price is closed below major weekly trendline , we find more probability that price would move towards 110-111 area before resuming its downfall if occurs.
These forecasts are based on interesting patterns found in Weekly charts , i will be updating such forecasts on different pairs after weekly candle close on sighting of opportunity ,
Please like share n follow me for updated trades during the week.
We are expecting USDJPY to move up towards its 50SMA on weekly , since price is at major support and indecision towards downside is seen .
Also whenever we see this type of condition in bollinger band when price is far out of band in higher time frames most of the times price tends to come back inside the band's trading range and many times towards 9 or 20 moving avergaes too , hence even though price is closed below major weekly trendline , we find more probability that price would move towards 110-111 area before resuming its downfall if occurs.
These forecasts are based on interesting patterns found in Weekly charts , i will be updating such forecasts on different pairs after weekly candle close on sighting of opportunity ,
Please like share n follow me for updated trades during the week.