Trade war | 29 مايو 2019
29 مايو 2019, USD/JPY
USDJPY trading plan:
Good and bad news for USDJPY. We can see a decline in the value of gold and silver. This is a positive signal for the bulls. The decline in the value of precious metals has a positive impact on the value of the U.S. dollar. Geopolitical tensions the USA and China have a negative impact on the value of stock markets. The S&P500 is trading at its lowest level in the last 8 weeks. D. Trump will not rush to conclude a trade agreement with Beijing. This is a bad signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: range 109.00 -109.55.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
