GBPJPY continues deviation from Middle Bollinger Band

22 Nis 2020

According to marketkolor.com, Bollinger Bands help to determine the current volatility being experienced. GBPJPY confirms its downtrend and deviation away from Middle Band. Look for continued downside towards the Lower Band. The Lower Band should act as support and a potential reversal zone if move is opposite to primary trend else we should expect continuation of move as price hugs the Lower Band.