Bullish rally on the stock markets | 23 July 2019

23 July 2019, USD/JPY

Bullish rally on the stock markets

USDJPY trading plan:

Bullish rally on the stock markets will have a positive impact on the value of the USDJPY. The South China Morning Post reported that U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are likely to travel to China next week for negotiations with Vice Premier Liu He. D. Trump plans to conclude a trade agreement with China before the presidential elections 2020. Investors also wait the July 30-31 FOMC meeting when the Fed is expected to cut its key federal funds rate. This factor will provide additional support to the stock markets.

Trading recommendation: Buy 108.04 and take profit 108.47.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus