Release： 02/06/2019 15:45

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 7

■ Dollar/Yen Forecast Daily Chart

From the daily chart of USD/JPY, it appears that the price once broke below the strong resistance line around 109.765 yen from above, but then was pulled back above the 109.765 line, and is currently fluctuating between the 109.765 support line and the 110.360 resistance line. This makes the 109.765 level a considerably strong barrier.

What are the forecasts and analyses for the 4-hour and 1-hour charts? In the end, can an entry be made? Read more

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