Positive dynamics of the stock market

16 May 2019, USD/JPY

Positive dynamics of the stock market

USDJPY trading plan:

The course of trading will depend on the mood of investors who trade in the stock markets. Stock markets are in a fever this week. Asian shares had steadied in early trade on news that U.S. President Donald Trump was planning to delay tariffs on auto imports. On Wednesday, USA shares extended a rebound, with the S&P 500 gaining 0.58% and the MSCI's broadest gauge of world stocks bouncing back from a two-month low hit on Tuesday. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 109.33 and take profit 110.00.

David Johnson
Analyst of «FreshForex» company
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