Dollar/Yen forecast March 13
■Dollar/Yen Forecast Today's Daily Chart
From the daily chart of the Dollar/Yen pair. On the daily chart, while painting a clean uptrend according to Dow Theory, it is moving within a trading range that resembles a "flag" pattern. It is expected to be supported by the unique moving averages that institutional investors watch, namely the 200 MA, which acts as a strong resistance, and the red 20 MA, which is rising to the top-right, suggesting a high likelihood of moving higher.
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