Good day | 04 Abril 2019

04 Abril 2019, USD/JPY

USDJPY trading plan:

The course of trading is strongly influenced by the dynamics of the U.S. stock market. White House economic adviser Larry Kudlow said that talks between the United States and China have progressed and that both sides hope to get closer to a deal this week. The new round of trade negotiations is due to end on Friday 5 April. The meeting of the USA and China presidents may take place in the last week of April. This factor increases the likelihood of global economic growth in the second half of 2019. This is a positive signal for the United States stock market. The S&P500 index can test the psychological level of 2900. USDJPY and S&P500 have a direct correlation.

Trading recommendation: Buy 111.35 and take profit 111.75.

David Johnson
Analyst of «FreshForex» company
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