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The technical correction in the stock markets

The technical correction in the stock markets | 23 December 2019

23 December 2019, USD/JPY

The technical correction in the stock markets

USDJPY trading plan:

We are expecting a technical correction in the stock markets which will negatively affect the value of USDJPY. Geopolitical tensions in Hong Kong will have a negative impact on investor sentiment. Hong Kong police arrested an 18-year-old man after he fired a single shot with a pistol at officers late on Friday evening, in an incident police said they suspected was linked to anti-government protests that have convulsed the city. The hundreds of Hong Kong anti-government activists gathered outside a detention center, demanding the release of arrested activists and denouncing a police crackdown on a fund-raising platform supporting protesters in need.

Trading recommendation: Sell 109.45 and take profit 109.25.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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