The bullish rally on the American stock market | 24 اكتوبر 2019
24 اكتوبر 2019, USD/JPY
USDJPY trading plan:
The bullish rally on the American stock market will have a positive impact on the currency pair USDJPY. The currency pair has a strong correlation with the S&P500 index. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1792 to 1060 and 99 ended unchanged. Materials, healthcare and energy were the stronger sectors in the market. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.11% to 14.00. This is a positive signal for the stock market! Investors are optimistic about the market.
Trading recommendation: Buy 108.44 and take profit 109.00.
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.
