USD/JPY Forecast March 22

■ USD/JPY Daily Chart Forecast Today

From the daily chart of USD/JPY. On the daily chart, as forecasted recently, the uptrend has paused for a while and has clearly breached the recent low, forming a lower high. Even institutions that worked hard to break out from below have the purple 200M moving average, which is said to act as a strong resistance, clearly breaking from above and turning into support; thus, it is seen as turning from resistance to support, suggesting a higher likelihood of a downward move in the future.

What are the forecasts and analyses for the 4-hour and 1-hour charts? After all, can we enter? Read more here