Dollar/Yen Forecast February 14
■ USD/JPY Daily Chart Forecast Today
From the daily chart of USD/JPY. On the daily chart, as previously predicted, it has entered an uptrend and is rising in an orderly Dow Theory manner, forming a clean uptrend. Although it seems the pace of the rise is slightly faster due to the wide free space, it is currently being capped by the purple 200 moving average, which is considered the only strong resistance among the moving averages that major institutions focus on. Whether price will be pushed down after being rejected by this purple 200 MA, or will break up from underneath and move higher, is the focus. However, even if it breaks above the purple 200 MA, there is a strong resistance level nearby at USD/JPY 111.368, so it is expected to be stopped there again.
