Dollar-Yen Forecast April 25

■ Dollar-Yen Forecast: Today’s Daily Chart

From the daily chart of the USD/JPY, we can see that on the daily chart the USD/JPY briefly broke through the double resistance lines at 112.206 and 112.306 from below to above, which seemed strong just moments ago, but it only lasted briefly and has now retraced with a wick, returning below this resistance line. There is no notable economic data release explaining the surge, but it is suspected that this may be a temporary spike caused by speculative traders. However, since the double top pattern has been broken for now, it is certain that a downward trend is less likely to emerge.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Ultimately, is an entry possible? Continue reading