The inverse correlation between USDJPY and gold | 11 Junio 2020

11 Junio 2020, USD/JPY

USDJPY trading plan:

A bullish rally in the gold market will have a negative impact on the value of USDJPY. The currency pair and the precious metal have an inverse correlation. The National Bureau of Economic Research declared earlier this week that the U.S. economy had entered a recession in February, bringing to an end the longest period of economic expansion in U.S. history. This is a positive signal for gold! Additional support for the precious metal will be provided by the monetary policy of the Federal Reserve. The Federal Reserve left its benchmark rate unchanged in the range of 0% to 0.25%.

Trading recommendation: Sell 107.10 and take profit 106.80.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus