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The uptrend in the U.S. stock market

The uptrend in the U.S. stock market | 19 March 2019

19 March 2019, USD/JPY

The uptrend in the U.S. stock market

USDJPY trading plan:

The uptrend in the U.S. stock market will have a positive impact on the value of USDJPY. S&P 500 posted 26 new 52-week highs. Investors buy shares on expectations of loose monetary policy by the FOMC. FED will be patient for the next six months. The increase in the interest rate could trigger a recession in the U.S. economy in 2020. The FED management understands this and will not raise interest rates. S&P500 might test the level of 2860. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 111.14 and take profit 111.65.

David Johnson
Analyst of «FreshForex» company
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