Dollar/Yen Forecast March 27

■ USD/JPY Daily Forecast Today’s Chart

Looking at the daily chart for USD/JPY. On the daily chart, it is almost in a nosedive/wandering state, and the current price has returned inside the trendline. The line at 110.360 yen, which seemed strong, appears to have been broken from above and then again from below, suggesting a range-bound state. Right above there is attention from institutional investors, and the purple 200-day moving average, which is considered a strong resistance on only moving averages, may act as a barrier. Whether it will break from below to above or whether the downtrend will resume and move lower is still uncertain.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Ultimately, can an entry be made? Continue here