Trade war | 29 May 2019

29 May 2019, USD/JPY

Trade war

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.

David Johnson
Analyst of «FreshForex» company
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