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U.S.-China trade talks

U.S.-China trade talks | 23 September 2019

23 September 2019, USD/JPY

U.S.-China trade talks

USDJPY trading plan:

U.S.-China trade talks had hit a snag. Chinese agricultural delegation decided not to visit farms in Nebraska and Montana and, instead, headed home. The worry was that cancellations were a signal the trade talks between the U.S. and China weren't going well. This event caused a technical correction in the stock markets, which is negative for the currency pair USDJPY. We are expecting completion of technical correction and trend reversal. The Central banks of the United States, Brazil, Indonesia and China cut interest rates last week. This is a positive signal for the stock markets!

Trading recommendation: Buy 107.64 and take profit 108.01.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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