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The bullish rally in the U.S. stock market

The bullish rally in the U.S. stock market | 20 December 2019

20 December 2019, USD/JPY

The bullish rally in the U.S. stock market

USDJPY trading plan:

The bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. The Dow Jones Industrial Average added 0.49% to hit a new all time high, while the S&P 500 index gained 0.45%, and the NASDAQ Composite index climbed 0.67%. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.64% to 12.50. Beijing and Washington prepare to resolve a long-running trade war. This is a positive signal for the stock market!

Trading recommendation: Buy 109.30 and take profit 109.74.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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