Release： 01/08/2019 19:20

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.

Dollar-Yen Forecast January 9

■ USD/JPY Daily Forecast Today’s Intraday Chart

From the USD/JPY daily chart, it appears prices have continued to move between the resistance line at 109.193 yen and the support line at 108.121 yen, continuing the previous range. This resistance at 109.193 yen and support at 108.121 yen seem to form a fairly strong wall, so unless there is a breakout above or below, the price is expected to remain in a ranged state within this squeezed range.

What are the predictions and analyses for the 4-hour and 1-hour charts? Ultimately, can you enter a trade? Read more here

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