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Geopolitical tensions in the Middle East

Geopolitical tensions in the Middle East | 06 January 2020

06 January 2020, USD/JPY

Geopolitical tensions in the Middle East

USDJPY trading plan:

Geopolitical tensions in the Middle East have a negative impact on the USDJPY. The strike in Baghdad ordered by President Donald Trump killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force. Iran’s supreme leader, Ayatollah Ali Khamenei, vowed “severe retaliation.” This factor forces investors to increase short positions. The U.S. manufacturing sector contracted in December by the most in more than a decade with order volumes crashing to near an 11-year low and factory employment falling for a fifth straight month, according to an industry report released.

Trading recommendation: Sell 108.20 and take profit 107.90.

David Johnson
Analyst of «FreshForex» company
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