Today's forex daily analysis on December 23, 2020 will discuss the currency of the world's technology country, namely the Japanese Yen, which has strengthened versus the US Dollar in recent days. In Tuesday's trading, the yen weakened versus the greenback, as a result of the strengthening of the US dollar, amid market concerns over the emergence of a new variant of the coronavirus in the UK. Today the US dollar moved sideways against several other major currencies, due to investors' caution regarding the new variant of the coronavirus that is spreading rapidly in the UK. The behavior of market participants has resulted in a surge in demand for the safest assets. On the other hand, last night the United States congress approved and approved a stimulus package for COVID-19 relief worth $892 billion. As we know, the process had been stalled because of a signal that President Donald Trump did not approve the stimulus bill. The signal blew about the amount of money that would be disbursed.

Gold Daily Analysis : December 22, 2020

In the midst of the Christmas and New Year holidays, many investors hunt for US Dollars, Yen, Gold and securities which are indeed prima donna during unstable market conditions.

Forex Daily Analysis Predictions

Today's FOREX prediction on the USDJPY pair is expected to continue its decline, and the recommended OP (Open Position) is SELL at the level of 103,400. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BEARISH
Target Profit 1 103,300
Target Profit 2 103,200
Stop Loss 1 103,450
Stop Loss 2 103,500
This the daily analysis of forex December 23, 2020. Keep Money Management and Risk Management first in your trading.

Gold Daily Analysis : December 29, 2020

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