Key Technical Levels
is approaching a period of former congestion which may be an area it settles into ahead of the looming event risk. Otherwise, there is much from a technical perspective that justifies it as a target. The recent breakout doesn’t appear to have the follow through to generate a new trend, increasing the chances that volatility will fade.
The USDJPY’s Bollinger band width of 384 pips puts it in the middle of the most traded pairs and the recent bearish trend has led to it widening, which is a concern for scalpers. Meanwhile, daily volatility has been trending lower with the ATR now at 83 pips and only accounting for 0.94% of the spot, which is the lowest of the pairs listed below.
To Discuss Scalping Strategies and Get Tips From Other Traders Visit The Scalping Forum.
How To Use Scalping Report Video
Contribute to the Haiti relief effort
To discuss this report or be added to the email list, contact John Rivera, Currency Analyst: firstname.lastname@example.org