A report that i find it useful which go accordance to the strategy that i practiced.
USD/JPY will be the currency in play when trading reopens. Japan will release Corporate Service Price on Sunday at 23:50GMT or 7:50PM ES followed by U.S. New Home Sales at 14:00GMT or 10:00AM EST on Monday USD/JPY advanced for the second week in the row, putting it in the Range Trading Zone which we determine using Bollinger Bands. Despite a temporary rally, the pair remains in a discrete downtrend. If USD/JPY manages to break next level of resistance hovering at 50-day SMA which coincides with the 1st Standard Deviation at 95.50, an uptrend may emerge. Nonetheless, if the pair drifts below the1st Standard Deviation of the Bollinger Bands which represents current support level at 93.25,the currency pair could head towards 90. ( FX360.Com )