Dollar-yen forecast January 10

■USD/JPY Daily Forecast Today

From the daily chart of USD/JPY, as expected yesterday, it headed toward the 108.121 yen level on the daily chart and stopped exactly there. Because of the FOMC, it reached the 108.121 yen support line within only a short U.S. trading session. Going forward, there are two scenarios: it either breaks below the 108.121 yen line or gets bounced to the upside. If bounced up, it is expected to continue trading within the range between the 108.121 yen support line and the 109.193 yen level. If it breaks lower, a new price movement may begin.

What are the forecasts and analyses for the 4-hour and 1-hour charts? After all, can we enter? Read more here