Trade negotiations | 13 May 2019
13 May 2019, USD/JPY
USDJPY trading plan:
11 round of trade negotiations between the US and China ended "well enough", - said the Vice Prime Minister of China. This is a neutral factor for the U.S. stock market and USDJPY, which has a correlation with the shares. Investors will wait for new signals from Washington and Beijing. We think that both sides will be able to conclude a trade agreement in the summer. D. Trump will take a wait-and-see position in May. Investors will take profits on short positions today. We are waiting for a technical correction.
Trading recommendation: Buy 109.58 and take profit 110.19
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.
