The bullish rally on the U.S. stock market | 09 Junio 2020
09 Junio 2020, USD/JPY
USDJPY trading plan:
The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. New York City, the epicenter of the pandemic, began to reopen on Monday, boosting hopes of a quicker economic recovery just as data showed the U.S. officially entered a recession in February, marking an end to its longest expansion on record. The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 76 new highs and no new lows. This is a positive signal for the stock market!
Trading recommendation: Buy 107.77 and take profit 108.33.
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.
