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■Dollar/Yen Daily Chart Forecast for Today
From the daily chart of the dollar/yen, the pair rose in a steady uptrend after being firmly repelled at the 109.765 yen line, and institutional investors have taken notice. It is said that the purple 200 MA, which functions as a strong resistance on the only moving average line, also acts as a support line with the rebound, and the current price has returned to just before the double resistance lines at 112.206 yen and 112.306 yen, which now appear strong. The Bollinger Bands show signs of widening, and since the current price is within the rising trading range, an upward trend seems likely. However, just above lie the double resistance lines at 112.206 yen and 112.306 yen, and given the positional likelihood of forming a double top, this is a stage where it is notable whether the price will go higher or lower.
