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Bullish rally in the stock markets

Bullish rally in the stock markets | 19 June 2019

19 June 2019, USD/JPY

Bullish rally in the stock markets

USDJPY trading plan:

We are expecting a bullish rally in the stock markets before the Federal Reserve decision. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. President USA Donald Trump said he would meet with Chinese President Xi Jinping at the G20 summit later this month, and said talks between the two countries would restart after a recent lull. Trump's statement pushed up trade-sensitive industrials up 2.0% and technology stocks gained 1.9%. The S&P 500 has gained 6% so far this month, and is only about 1% from the all-time high hit in early May.

Trading recommendation: Buy 108.25 and take profit 108.66.

David Johnson
Analyst of «FreshForex» company
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