Release： 04/04/2019 19:34

Update： 04/08/2021 02:35

Series

We will provide USD/JPY forecasts and analysis. How will USD/JPY move today? Predictions and analysis from Trader MASAKI's unique perspective.

Dollar/Yen Forecast April 5

■ USD/JPY Daily Chart Forecast Today
From the USD/JPY daily chart, the market situation until last week was highly likely to be in a downtrend. Recently, however, institutional investors started paying attention, and the price broke upward from below the double line formed by the purple 200-day moving average, considered a strong resistance, and the red 20-day moving average, and then continued to drift higher. It has now returned to a stage sandwiched between the relatively strong support at 111.368 yen and the resistance at 112.206 yen, making the downtrend seem largely negated. As a result, a range-bound situation is now anticipated.

What are the forecasts and analysis for the 4-hour and 1-hour charts? Can we finally enter? Continue reading

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