The bullish trend on Wall Street | 28 February 2019

28 February 2019, USD/JPY

USDJPY trading plan:

The bullish trend on Wall Street will have a positive impact on USDJPY. The growth of oil prices supported the U.S. stock market. Exxon Mobil shares traded better than the market on Wednesday. Federal Reserve Chair J. Powell had stood by the central bank's "patient" stance on interest rates. The lower the interest rates, the higher the capitalization of the business - this is the basic rule of investors. The S&P500 index today can test the level of 2820. This is a good signal for the USDJPY, which has a correlation with the shares.

Trading recommendation: Buy 110.78 and take profit 111.44.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus