Dollar-Yen Forecast May 6

■Dollar/Yen Forecast Today's Daily Chart

From the daily chart of USD/JPY, the daily chart is almost forming a double-top shape and it seems to be becoming definitive. The candle two bars ago was first supported at the purple 200-month moving average, which is considered a strong resistance by institutional investors, and it was briefly supported from below by that level. However, today the price gapped up and then broke it sharply from above to below. Currently, it appears to be in the process of filling the gap with an upward movement, but there is no sign of an upward trend developing from here, and after the gap is filled the likelihood of a move lower is strong.
What are the forecasts and analyses for the 4-hour and 1-hour charts? Can an entry be made after all? Read more here