Dollar/Yen Forecast April 22

■ USD/JPY Daily Forecast Today’s Intraday Chart

From the daily chart of USD/JPY, it remains forming a range near an important high, with no sign of breaking out. Also, the high of each individual candlestick has been gradually declining, keeping the upside heavy. The red line 20MA, which is the middle band of the Bollinger Bands, is turning upward, but the plus/minus 2σ are converging, suggesting the down-sloping range will continue.

What are the predictions and analyses for the 4-hour and 1-hour charts? In the end, can we enter? Read more