Positive macroeconomic statistics from the United States | 03 مايو 2019

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. The labor market report for April may please investors with strong data, as the ADP employment release indicated a high growth in employment. Positive news will have a positive impact on the U.S. stock market - traders will begin to actively buy shares, which showed a decline in prices the last two trading days. Current stock levels are attractive for opening long positions. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 111.30 and take profit 111.85.