USDJPY > Rough Ride Ahead of The Dollar, but It Could Happen?!

Analysis of #USDJPY

Hello friends,

thank you for taking the time to read my analysis, please like and comment below, means a lot

the dollar was on a downtrend here obviously, not getting back to its resistance line for the fifth time.

A lot has changed for the dollar, a new US president has been elected, which I expected to be bearish for the dollar, but after the COVID-19vaccine development, yesterday dollar might continue to rally ass there might be no need for a US fiscal stimulus in the end.

anyway, back to the chart, traders defending the 105.00 level, so I think e might be preparing a breakout to the upside 106.00 important level for this pair as well.

i will keep watching this setup to see if it will provide an entry



Really appreciate your support and feedback
Check today analysis below⠀


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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You