Today's daily forex analysis on December 14, 2020 will discuss the Japanese Yen currency for the past few days moving stronger against the US Dollar. This strengthening is due to the weakening of the currency of Uncle Sam's country due to the Covid-19 relief fund stimulus plan that has not yet been agreed. In early trading this week, the Yen versus the US Dollar is expected to move back stronger for the Yen. The behavior of market participants who hunt for safe havens also has an impact on the strengthening of the Yen.

Forex Daily Analysis : April 22, 2021

The report illustrates that the number of deaths due to the Corona virus in America is increasing and affecting positive sentiment towards the Covid-19 vaccine. On the other hand, a report from the Food and Drug Administration (FDA) of the United States that has approved the Covid-19 vaccine produced by Pfizer and BioNTech is only used for emergencies.

Forex Daily Analysis Predictions

chart USDJPY analisa harian 14-12-2020 Today's FOREX prediction on the USDJPY pair is expected to continue its strengthening (downward), and the recommended OP (Open Position) is SELL at the level of 103.850. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BEARISH
Target Profit 1 103,750
Target Profit 2 103,650
Stop Loss 1 103,900
Stop Loss 2 103,950
This the daily analysis of forex on December 14, 2020. Keep Money Management and Risk Management first in your trading.

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