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The dollar been under pressure

The dollar been under pressure | 27 November 2020

27 November 2020, USD/JPY

The dollar been under pressure

USDJPY trading plan:

The dollar has been under pressure this week, as riskier currencies benefited from increased optimism over a string of COVID-19 vaccines news reports and hopes for a more stable period in U.S. politics. While the greenback will remain under pressure in near term due to prolonged "risk-on" sentiment led by vaccine hopes. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.1% to 91.87, hovering near a three-month low seen overnight.

Investment idea: Sell 104.10 and take profit 103.65.

David Johnson
Analyst of «FreshForex» company
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