Release： 01/28/2019 15:27

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 29

■ USD/JPY Daily Forecast Today’s Intraday Chart

From the USD/JPY daily chart, we can see that the price moved up to the resistance line just below 109.337 yen, reaching 109.193 yen, but as before, this double resistance line is considered quite strong. Currently, the price has bounced back up to around 109.337 yen and is wandering around these lines. It is expected to move in a manner where it may attempt to break from above to below between the 109.337 yen and 109.193 yen lines, or rise from below to above to break through the resistance line at 109.765 yen.

What about the analysis and forecast for the 4-hour and 1-hour charts? In the end, can an entry be made? Read more here

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