USD/JPY Forecast February 27

■ USD/JPY Daily Chart Forecast Today

From the daily chart of USD/JPY, the price has risen above the purple 200MA resistance line, which is regarded as the strongest single barrier that institutional investors watch, but it has been pushed back down again. This marks the second failed attempt, making it highly likely that the purple 200MA is extraordinarily strong. Furthermore, on lower timeframes, this pattern resembles a double top, and since more than a week has passed without breaking above the purple 200MA, there is also a forecast of a possible shift to a downtrend at this point.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Ultimately, can we enter? Read more here