The bullish rally in the stocks | 26 May 2020
26 May 2020, USD/JPY
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.
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.
