Dollar-Yen forecast January 14

■ USD/JPY daily chart forecast for today


From the daily chart of USD/JPY, it has been trading within a range between the resistance line at 109.193 yen and the support line at 107.772 yen, continuing from the previous period. It seemed it would dip to test the 107.772 yen support line, but it did not go down and instead fluttered back upward again. Currently, it is positioned right in the middle of the 109.193 yen resistance line and the 107.772 yen support line, and is not moving up or down. Unless there is some material release from an economic indicator, it is expected to remain in this range for a while.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Can an entry be made after all? Read more