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The good signal for the stock market

The good signal for the stock market | 09 December 2020

09 December 2020, USD/JPY

The good signal for the stock market

USDJPY trading plan:

The number of global COVID-19 cases has now passed the 68.1 million mark, with the number of U.S. cases passing the 15.1 million mark, as of Dec. 9, according to Johns Hopkins University data. The U.S. Food and Drug Administration (FDA) will convene to discuss BNT162b2 on Thursday. Should the FDA grant emergency use authorization during its meeting, distribution could begin within 24 hours, according to Health & Human Services Secretary Alex Azar. The FDA has already released documents that raised no new red flags over the safety or efficacy of the vaccine ahead of the meeting. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Investment idea: Buy 104.08 and take profit 104.40.

David Johnson
Analyst of «FreshForex» company
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