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The end of the trade war

The end of the trade war | 05 March 2019

05 March 2019, USD/JPY

USDJPY trading plan:

The U.S. stock market may show strong growth this week. U.S. President Donald Trump and his Chinese counterpart Xi Jinping could sign a formal trade pact at a summit around March 27, given progress in talks between the two countries. Investors are now optimistic about the prospects of the U.S. economy and the stock market. Trade war was a big risk - now the risk goes away. It is mutually beneficial for Washington and Beijing to stop the trade war. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 111.75 and take profit 112.15.

David Johnson
Analyst of «FreshForex» company
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