Dollar/Yen Forecast March 6
■ USD/JPY Forecast Today's Daily Chart
Looking at the daily chart for USD/JPY. On the daily chart, a clean Dow Theory uptrend continues to form, but in the last two days the price has been held down by what appears to be a strong resistance line at 112.206 for USD/JPY, causing the uptrend to stall. For a while, it is expected to move between the support line at 111.368 and the resistance line at 112.206.
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