Dollar-Yen Forecast March 29

■ USD/JPY Daily Chart Forecast Today

From the daily chart of USD/JPY, the trend has apparently shifted from the previously prolonged uptrend lasting about two months to a downward bias, and currently a downbeat direction is strongly anticipated. However, it is expected that the price is temporarily stalling its decline. It is not clear whether this is a stall in the decline or a bounce-back. It is anticipated that it will temporarily retrace to an upward trendline, or possibly return to the purple 200-day moving average, which is considered the only strong resistance that institutional investors also pay attention to and moving averages can function as such. After that, it is expected to resume a downward direction.
What about the forecast and analysis for the 4-hour and 1-hour charts? Ultimately, can an entry be made? Read more here