Dollar/Yen forecast April 1
■Dollar/Yen Forecast Today Daily Chart
From the daily chart of USD/JPY. On the daily chart, it seems highly likely that the recent low has also shifted into a downtrend. Also, the recent highs are gradually lowering, and the current price is located right in the middle of the 200 MA, which is considered the strongest resistance level by institutions, and the red 20 MA. It appears we are in a situation where it will either break above this level or be pushed back downward. From both the purple 200 MA and the red 20 MA perspectives, it looks like a support-turned-resistance and it seems likely to continue downward from here.
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