Release： 04/15/2019 16:04

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 16

■ USD/JPY Daily Price Chart Forecast for Today

From the USD/JPY daily chart, there hasn’t been any notable movement since recently, and the price is being capped at important high levels. The Bollinger Bands, as with yesterday, are showing signs of widening, so an upward move is expected. However, just above there are two strong resistance levels at 112.206 and 112.306 yen for USD/JPY, forming a double line, so there is a high likelihood of being knocked down at this point.

What are the forecasts and analyses for the 4-hour and 1-hour timeframes? In the end, can an entry be made? Read more

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