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The ongoing debate

The ongoing debate | 26 October 2020

26 October 2020, USD/JPY

USDJPY trading plan:

With just over a week left to go to the Nov. 3 U.S. presidential election. Investors are closely watching the actions of Donald Trump and Joseph Biden. Democratic challenger Joe Biden has widened his lead over President Donald Trump in the polls in recent weeks. The ongoing debate over whether the White House, the Republicans and the Democrats can finally reach an agreement on another COVID-19 aid package will remain a key driver for markets in this week. U.S. House Speaker Nancy Pelosi said it was still was possible to get another round of fiscal stimulus through before the election, but that it was also up to President Trump to act.

Trading recommendation: range 104.50 -105.32

David Johnson
Analyst of «FreshForex» company
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