Release： 02/05/2019 18:32

Update： 04/08/2021 02:35

Series

We will provide USD/JPY forecasts and analysis. How will USD/JPY move today? Predictions and analysis from Trader MASAKI's unique perspective.

Dollar-Yen Forecast February 6

■ USD/JPY Daily Chart Forecast Today

From the USD/JPY daily chart, we see that a clean Dow Theory is forming, creating a trading range in an uptrend. The line at 109.765 yen, which seemed strong, is expected to be breached from below, turning this line from resistance into support. Going forward, it is anticipated that the pair will move between the 109.765 yen support line and the 110.360 yen resistance line for a while.

What are the predictions and analyses for the 4-hour and 1-hour charts? Ultimately, can we enter? Continue reading

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