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

Short

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)

FOREXCOM:USDJPY U.S. Dollar / Japanese Yen

trendanalysis chartpattern usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast dollaryen dollaryenshort jpy usd

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.