USDJPY - What is the monthly chart telling us? 2021 outlook

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USDJPY - Monthly chart - All trading is a game of supply and demand . When demand exceeds supply, price will rise and when supply exceeds demand, price will fall. Usdjpy is in a monthly downtrend but currently it is trading in a monthly demand zone so shorts are not allowed, we are expecting a pullback upto 107-108 on this pair to take shorts from 108-109 down to 103 again.