Release： 01/22/2019 18:55

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 23

■ USD/JPY Daily Chart Forecast Today

From the USD/JPY daily chart, as anticipated from earlier, the pair is forming a range between a strong top and bottom: the resistance line at 109.765 yen and the support line at 109.337 yen. It briefly fell below the 109.337 yen support line from above, but the previously present second support line just below at 109.193 yen could not be broken and bounced back up. It still looks like a strong double support around 109.337 yen and 109.193 yen; unless this double support is clearly breached from above, I expect the USD/JPY to continue trading in a range between the 109.337 yen support and the 109.765 yen resistance for a while.

What are the 4-hour and 1-hour forecasts and analyses? Can we enter after all? Read more

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