The daily forex analysis on November 25, 2020 will discuss the Yen currency which moved very volatile in market trading yesterday, due to the weakening of the US Dollar. However, being treated by market participants actually made the Japanese currency weaken against the US Dollar. Market participants ignored the increasing demand for risky assets or stock indices due to the progress of the Covid-19 vaccine and positive expectations in the transition of US president-elect Joe Biden's leadership. The strengthening of the US dollar is caused by the belief that the leadership of President-elect Joe Biden will bring America more respected by other countries in the world. Market participants also believe that the effects of the COVID-19 pandemic will be easy for the United States to pass.
Forex Daily Analysis Predictions
Today's FOREX prediction on the USDJPY pair is expected to move downwards, and the recommended OP (Open Position) is
SELL at the level of 104,400. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
104,300 |
| Target Profit 2 |
104,200 |
| Stop Loss 1 |
104,450 |
| Stop Loss 2 |
104,500 |
This the daily analysis of forex on November 25, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
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