The translated HTML content in English is: Dollar-Yen forecast March 14

■ USD/JPY Forecast Today’s Daily Chart

Looking at the daily chart of USD/JPY. On the daily chart, there is an upward trend in a clear Dow Theory pattern, and it appears to be stopping perfectly at the lower trendline support, indicating that this trendline is functioning. Furthermore, institutional investors are paying attention, and the strong resistance is formed by overlapping lines: the purple 200 MA, which is said to act as a powerful wall, and the red 20 MA, which is the middle band of the Bollinger Bands. The fact that these lines coincide in a triple overlap suggests they are effective together, making the probability of a rise high.

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