I was right about USDJPY going down : https://www.tradingview.com/chart/USDJPY/JXQDqYQm-USDJPY-bearish/
USDJPY is currently on a downtrend after yesterday's announcement. I think this downtrend will be emphasized if today's American announcement is bad.
I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish.
This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
Here's my graph on USD/JPY
The indicators used suggest a decrease from A to the support area (B). The bank of Japan has announced an eventual decrease of the interest rate, which implies an increase of USD/JPY.
Feel free to comment and to give me your opinion.
USD/JPY has reached the montly support area at 100.60
You can buy at 100.0, and wait for the 1st target at 101.271, and the second one at 102.635.
The bullish trend will be on in a few days.
RSI oversold - buy opp