Expecting USDJPY to shoot downwards after breaking the 136.000 price range the Bollinger bands indicates this as well. Prices were in this area last week as shown. The pairing has been bouncing between the prices of 137.600 and 135.300 this week, not breaking either. There has been a lot of volatility due to the Jackson Hole conferences today and tomorrow and I am expecting it to continue.
Sell Entry: 136.100
Targets: 135.900 | 135.725 | 135.300 | 135.000
Support 134.800
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Sell Entry: 136.100
Targets: 135.900 | 135.725 | 135.300 | 135.000
Support 134.800
Be sure to like this post and let me know what you think in the comments.
