Dollar-Yen Forecast April 3

■ USD/JPY Daily Forecast Today’s Intraday Chart

From the USD/JPY daily chart, looking at the daily chart, although the purple 200 MA (the only moving average that is considered a strong resistance by institutional investors) and the red 20 MA were both broken from the bottom to the top, the price halted at the seemingly strong USD/JPY 111.368 yen level this time. Since two candlesticks were stopped at this line, this line is likely functioning as a resistance line, and we are at a situation where the price could break above this line from below or be pushed back downward.

What are the predictions and analyses for the 4-hour and 1-hour charts? Can an entry be made after all? Read more