Dollar-Yen Forecast February 22

■ Dollar-Yen Forecast Today’s Daily Chart

From the daily chart of USD/JPY, the purple 200 MA, which is considered the sole strong resistance that institutional investors pay attention to, has been difficult to break through from below, and there is a support level around 110.360 for USD/JPY that appears strong. In this zone, the market has remained in a range. Looking at the candlesticks from 5 to 6 days ago, it is clear that both the upper and lower sides were repelled by these lines, so they seem to be functioning as a fairly strong wall. For the time being, it is expected that the range will continue as long as this support-resistance cannot be broken.
What are the forecasts and analyses for the 4-hour and 1-hour charts? In the end, can an entry be made? Read more here