This is a negative signal for the dollar | 05 نوفمبر 2020
05 نوفمبر 2020, USD/JPY
USDJPY trading plan:
Democrat Joe Biden looked to be edging closer to winning the U.S. presidential election. The U.S. presidential battle remains undecided, but Democratic candidate Joe Biden has taken the lead in the counting for the pivotal Midwestern states of Wisconsin and Michigan, suggesting he is getting closer to claiming the White House. Biden administration would result in a slightly softer tone on trade policy are likely to weaken the dollar against the currencies of countries that often faced the threat of tariffs during Trump's administration.
Trading recommendation: Sell 104.45 and take profit 104.11
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.
