The bull rally in the US stock market | 22 Marzo 2019
22 Marzo 2019, USD/JPY
USDJPY trading plan:
IPO Levi Strauss provoked a bull rally in the US stock market! The company's shares rose 25% on Thursday. Investors are optimistic about the United States stock market. FOMC promises not to raise interest rates - this is a good signal for the stock market! The Japanese yen is the funding currency in carry trade transactions. The growth of the stock market always has a negative impact on the value of the Japanese currency! The S&P500 broad market index is trading at its highest level in 5 months. That's strong!
Trading recommendation: Buy 110.72 and take profit 111.27.
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.
