Release： 01/27/2019 19:44

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 28

■ USD/JPY Daily Chart Forecast Today

From the USD/JPY daily chart, it appears that an attempt was made to break above the resistance line of 109.765 yen, which has seemed strong since before, but the attempt failed, and the price has again returned to the range between the 109.337 yen support line and the 109.765 yen resistance. This means that there have been about 3 or 4 failed breaks of the 109.765 yen resistance, and the belief that this resistance is stronger than initially thought is turning from a guess into conviction. The Bollinger Bands are narrowing, so for a while it is expected to move within the range between the 109.337 yen support line and the 109.765 yen resistance.

What are the predictions and analysis for the 4-hour and 1-hour charts? Ultimately, can an entry be made? Continue here

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