Dollar-Yen Forecast March 15
■ Dollar-Yen daily chart forecast for today
From the daily chart of the dollar/yen, the pair appears to have broken the resistance around 111.368 yen from below and has moved to a level sandwiched between 111.368 and 112.206 yen. The most watched moving average by institutional investors, the purple 200 moving average (200MA), is expected to act as a strong wall along with the red line 20MA, which is the middle band of the Bollinger Bands, providing support and a change of polarity, suggesting a return to an upward trend.
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