The bullish rally on the US stock market | 06 Octubre 2020

06 Octubre 2020, USD/JPY

The bullish rally on the US stock market

USDJPY trading plan:

The bullish rally on the US stock market will have a positive impact on the value of USDJPY, as the currency pair correlates with the S&P500 index. White House Chief of Staff Mark Meadows said there was still potential to reach agreement with U.S. lawmakers on more COVID-19 relief and that Trump was committed to getting the deal done. The S&P index recorded 22 new 52-week highs. U.S. services industry activity picked up in September, pulling above a level that prevailed before the COVID-19 pandemic struck the nation. The Institute for Supply Management said its non-manufacturing activity index rose to a reading of 57.8 last month from 56.9 in August.

Trading recommendation: Buy 105.55 and take profit 106.00.

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.