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The bullish rally on the stock markets

The bullish rally on the stock markets | 19 July 2019

19 July 2019, USD/JPY

The bullish rally on the stock markets

USDJPY trading plan:

We are expecting a continuation of the bullish rally on the stock markets that will positively affect the cost of USDJPY. Indonesia's central bank cut its benchmark interest rate for the first time since September 2017. South Korea's central bank unexpectedly cut its policy interest rate for the first time in three years. Mild monetary policy of Central Banks always has a positive impact on the value of corporate shares. The European Central Bank may lower interest rates next week. Investors are positive about the prospects of the stock markets.

Trading recommendation: Buy 107.20 and take profit 107.70.

David Johnson
Analyst of «FreshForex» company
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