JPY to USD Forex Analysis December 2020
08 Dec 2020
As explained in a previous long-term supply and demand analysis for JPY to USD forecast, we were expecting and waiting for new demand imbalances to be created before we thought of going long on USD JPY. Price action is showing us a very strong impulse that ended up creating a demand level around 100.75.
USD to JPY currency conversion is expected to get stronger on the US dollar side. We are expecting the US dollar to rally. It may take some time for this currency pair to rally. Look at the JPY to USD daily timeframe technical analysis below. You will be able to see the imbalance I am referring to.
JPY to USD Forex forecast
You can use this daily timeframe analysis on JPY to USD as the support you need to buy USDJPY using smaller timeframes or shorter-term intraday Forex trading strategies. Going short using smaller timeframes against this strong imbalance is suicidal.
USDJPY price action analysis using supply and demand strategy
This is the kind of Forex price action technical analysis you will learn in our Forex trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Watch JPY to USD video analysis below.
Trading supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock? Or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
Join our supply and demand stock trading course to learn how to use our supply and demand trading strategy.
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