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The bullish rally on the U.S. stock market

The bullish rally on the U.S. stock market | 07 July 2021

07 July 2021, USD/JPY

The bullish rally on the U.S. stock market

USDJPY trading plan:

This is a good signal for the stock market and USDJPY, which has a correlation with the shares. The Nasdaq edged higher to another closing record. Last week, all three indexes posted their fifth consecutive quarterly gains. U.S. President Joe Biden will encourage Americans who have not yet been vaccinated against COVID-19 to get their shots to protect themselves from the widely-spreading Delta variant of the coronavirus, the White House said. Biden will also discuss how the administration plans to make the vaccine available in more healthcare settings.

Investment idea: buy 110.50 and take profit 110.98.

David Johnson
Analyst of «FreshForex» company
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