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The bullish rally in the stock markets

The bullish rally in the stock markets | 26 December 2019

26 December 2019, USD/JPY

The bullish rally in the stock markets

USDJPY trading plan:

We are expecting a bullish rally in the stock markets, which will have a positive impact on the value of USDJPY. China's November soybean purchases from the United States surged from a year earlier, as cargoes booked by importers with tariff-free quotas cleared customs. China brought in 2.56 million tonnes of U.S. soybeans, up from zero a year ago and 1.147 million tonnes in October, after Beijing issued waivers to exempt importers from hefty tariffs for some American cargoes. The optimism tops after Sino-American trade tensions relieve.

Trading recommendation: Buy 109.50 and take profit 109.85.

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David Johnson
Analyst of «FreshForex» company
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