Bullish rally in the USA, Brazil and Germany | 22 May 2019
22 May 2019, USD/JPY
USDJPY trading plan:
Investors buy shares against the background of reduced geopolitical risks. We are see bullish rally in the USA, Brazil and Germany. U.S. President Donald Trump added Huawei Technologies to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. But on Monday, the USA granted the Chinese telecoms equipment maker a license to buy U.S. goods until Aug. 19. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 110.35 and take profit 110.90.
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.
