Dollar/Yen forecast April 11

■ USD/JPY Daily Chart Forecast Today

Looking at the USD/JPY daily chart. On the daily chart, there have been three consecutive bearish candlesticks, accelerating the decline. A week ago it finally broke above from the bottom, attracting the attention of institutional investors, and the 200-day moving average, which is considered a strong resistance when viewed as the only moving average, also broke down from the top, returning to the original situation. Since the Bollinger Bands are nearly flat at +2σ and -2σ, it is expected that the pair has entered a range-bound state.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Can we enter at all? Read more here