USD/JPY Confirms Downtrend 5 Days after Brexit

1 ก.ค. 2016

On Thursday, USD/JPY bounced off of the first lower Bollinger Band (1st standard deviation) confirming downtrend after recovery from Brexit. Provides an opportunity to join the downtrend. Over last month, USD/JPY has been in downtrend channel between 1st and 2nd standard deviation lower bollinger bands, and may continue in that channel for an extended period of time.