Short
USD/JPY Confirms Downtrend 5 Days after Brexit
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.