Release： 03/03/2019 18:49

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 March 4

■ USD/JPY Daily Chart Forecast Today

From the USD/JPY daily chart, we can see a very clean Dow Theory-inspired uptrend forming. Institutions are paying attention, and the purple 200 MA is viewed as a strong resistance that should function as a wall, with the USD/JPY breaking above the 111.368 yen level from below, indicating a smooth rise. As I mentioned recently, perhaps due to the wider free space, a single bullish candle has carried prices quite high.

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

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