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Bullish rally in the USA, Brazil and Germany

Bullish rally in the USA, Brazil and Germany | 22 May 2019

22 May 2019, USD/JPY

Bullish rally in the USA, Brazil and Germany

USDJPY trading plan:

Investors buy shares against the background of reduced geopolitical risks. We are see bullish rally in the USA, Brazil and Germany. U.S. President Donald Trump added Huawei Technologies to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. But on Monday, the USA granted the Chinese telecoms equipment maker a license to buy U.S. goods until Aug. 19. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 110.35 and take profit 110.90.

David Johnson
Analyst of «FreshForex» company
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