The bullish rally in the U.S. stock market | 02 ديسمبر 2019
02 ديسمبر 2019, USD/JPY
USDJPY trading plan:
“New Stock Market Record today. Congratulations USA!” said Donald Trump. We are expecting a continuation of the bullish rally in the U.S. stock market this week, which will have a positive impact on the value of USDJPY. In a holiday-shortened week, the S&P 500 managed to add nearly 1%. The Dow rose 0.6%, and the Nasdaq climbed 1.71%. For the year, the S&P 500 is up 25.3%, with the Dow up 20.3% and the Nasdaq up 30.6%. Positive trade talks between the United States and China are forcing investors to increase long positions in the stock market.
Trading recommendation: Buy 109.50 and take profit 109.89.
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.
