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The completion of a trade war

The completion of a trade war | 11 March 2019

11 March 2019, USD/JPY

The completion of a trade war

USDJPY trading plan:

The course of trading will depend on the dynamics of the stock market. Today I expect the S&P500. This is a positive signal for USDJPY. Chinese Vice Commerce Minister Wang Shouwen said he was optimistic about negotiations with Washington, but added any trade mechanism achieved must be equal and fair. Advances in talks drove the White House to indefinitely delay hikes in tariffs on $200 billion worth of Chinese imports that were set to kick in on March 2. The end of the trade war will have a positive impact on the United States stock market.

Trading recommendation: Buy 111.00 and take profit 111.65.

David Johnson
Analyst of «FreshForex» company
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