The translation of the provided HTML to English is: Dollar/Yen forecast January 16

■ Dollar/Yen Forecast Today Daily Chart

From the USD/JPY daily chart perspective. On the daily chart, the current price is between a seemingly strong support line around 107.772 yen and a resistance line around 109.193 yen, and it has been lingering within this range for a while. Additionally, a trendline can be drawn within this range, forming the chart pattern called a “pendant” (a triangle consolidation). Recently, the first step is for this newly formed pendant to break out either upward or downward.

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