Correlation between the USDJPY and gold | 29 Junio 2020

29 Junio 2020, USD/JPY

USDJPY trading plan:

A bullish rally in the gold market will negatively affect the value of USDJPY, as assets have an inverse correlation. Globally, India, South Korea, United States and New Zealand have all reported higher incidences of the Covid-19 in recent weeks. This is a positive signal for gold! The outlook for a global economic recovery has worsened or at best stayed about the same over the past month, according to a majority of economist’s polls, with the ongoing recession expected to be deeper than predicted in May.

Trading recommendation: Sell 107.25 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.