Corporate accountability | 17 July 2019

17 July 2019, USD/JPY

USDJPY trading plan:

Positive releases of American corporations will have a positive impact on the stock market. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. Major U.S. banks increased revenue and net profit in the second quarter. Indicators were higher than estimates of economists of investment banks Wall Street. Investors are expected poor financial results in June, but the situation has changed for the better. We are expecting the bull rally to continue in the U.S. stock market!

Trading recommendation: Buy 107.99 and take profit 108.39.

David Johnson
Analyst of «FreshForex» company
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