Dollar/Yen forecast April 26
■Dollar/Yen Forecast Today Daily Chart
From the daily chart of USD/JPY, looking at the daily chart, the USD/JPY pair briefly broke through the double resistance line at 112.206 and 112.306 yen from below to above, but immediately formed wicks and pulled back, and the next day produced a large bearish candle that negated all of them, and currently even broke below the recent low, pulling back downward. The drop of that large bearish candle appears to be stopped exactly at the relatively strong support line of 111.368 yen, suggesting that this support line is functioning. If there is no momentum to break below this line, it is expected to move between the 111.368 yen support line and the 112.206 yen resistance line for a while.
What are the predictions and analysis for the 4-hour and 1-hour charts? In the end, can we enter? Continue reading
