Release： 04/28/2019 19:46

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.

USD/JPY forecast April 29

■ Dollar/Yen Daily Forecast Today’s Intraday Chart

From the daily chart of dollar/yen, looking at the daily chart, in the dollar/yen daily chart, four candles earlier a double resistance around 112.206 and 112.306 yen was broken to the upside with a rapid rise, but it quickly formed wicks and retraced, and now the trading range’s trendline support has also been broken; as before, an upward trend is being resisted, and it has taken on a look of a double top again. The red middle band of the Bollinger Bands, the 20 MA, has also broken below, and since the highs are gradually being made lower, the upside is expected to be heavy.

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

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