03 Junio 2020, USD/JPY
USDJPY trading plan:
We are expecting an uptrend to develop. Gold was down on Wednesday morning in Asia with increased investor optimism over the global economic recovery from the COVID-19 virus as countries continue to loosen lockdowns and restart their economies. This is a positive signal for USDJPY. The European Central Bank is expected to increase its 750 billion euro Pandemic Emergency Purchase Program. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Trading recommendation: Buy 108.55 and take profit 108.90.