Dollar-Yen Forecast March 26
■ USD/JPY Daily Chart Forecast for Today
From the daily chart of USD/JPY, the trendline has broken to the downside, shifting the view to a downtrend. It is expected that the price will move one step lower from the zone boxed between 111.368 and 110.360, where it seems strong, to the zone boxed between 109.765 and 110.360. Since the current price is resting exactly at the 109.765 level, this line is expected to be functioning. The Bollinger Bands are widening, and a band-walk is anticipated to begin from here, accelerating further downside, though there is a possibility that the range may continue for a while.
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