Positive macroeconomic statistics from the United States | 27 Julio 2020
27 Julio 2020, USD/JPY
USDJPY trading plan:
Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. Data firm IHS Markit said on Friday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to a reading of 50.0 this month from 47.9 in June. Its services sector flash PMI increased to 49.6 from a reading of 47.9 in June. Service industry firms reported a faster pace of decline in new orders in July. In contrast, manufacturing firms signaled the strongest expansion in new orders since January.
Trading recommendation: Buy 105.40 and take profit 105.84.
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.
