Dollar/Yen forecast January 17

■ USD/JPY Daily Chart Prediction for Today


Looking at the USD/JPY daily chart. On the daily chart, the price has broken out upward from the chart pattern called a pennant, a triangular consolidation, and is gradually moving higher. However, just above there are two strong resistance levels around 109.193 and 109.337 Japanese yen in a double resistance, so unless this area is broken, it is expected to be pushed back downward again. It is thought to move upward until it reaches or approaches the double resistance at 109.193 and 109.337.

What are the forecasts and analyses for the 4-hour and 1-hour charts? Ultimately, can an entry be made? See more