The bullish rally in the stocks | 26 May 2020

26 May 2020, USD/JPY

The bullish rally in the stocks

USDJPY trading plan:

The bullish rally in the stocks market will have a positive impact on the value of USDJPY. Japan's Nikkei took the lead with a rise of 2.51% to its highest since early March when the economic impact of the COVID-19 was just becoming clear. Japan ended its nationwide state of emergency. This is a positive signal for the economy and the stock market! Chinese blue chips firmed 0.85% after the country's central bank said it would strengthen economic policy and continue to push to lower interest rates on loans.

Trading recommendation: Buy 107.70 and take profit 108.05.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus