Release： 01/23/2019 15:41

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 24

■Dollar/Yen Forecast: Today's Daily Chart

From the daily chart of the USD/JPY, it appears to remain strong as the USD/JPY continues to be unable to break the support line at 109.337 yen and the resistance line at 109.765 yen that have been in place since recently. The price is stuck between these lines, forming a range. The Bollinger Bands are also narrowing, so for a while it is expected to continue trading within the range between the 109.337 support line and the 109.765 resistance line without breaking through.

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

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