Release： 03/06/2019 15:40

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 7

■ USD/JPY Daily Chart Forecast for Today

Looking at the USD/JPY daily chart. On the daily chart, the uptrend is continuing while a clean Dow theory pattern is forming, but the rise is currently being capped by the seemingly strong USD/JPY resistance line at 112.206 yen, suggesting the uptrend may temporarily pause. At present, it appears to be in a range between the strong support line at 111.368 yen and the resistance line at 112.206 yen.

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

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