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The bullish rally in the stock markets

The bullish rally in the stock markets | 29 Diciembre 2020

29 Diciembre 2020, USD/JPY

USDJPY trading plan:

A bullish rally in the stock markets will have a positive impact on the value of USDJPY. Japanese stocks hitting a 30-year high, on rising investor risk appetite as the U.S. House of Representatives voted to raise pandemic relief payments to $2,000 from $600. The Senate still needs to vote on the measure. European stocks extended their year-end rally as a Brexit trade deal and euro zone's marathon COVID-19 vaccination campaign brightened prospects for global growth in 2021.

Investment idea: Buy 103.50 and take profit 103.94.

David Johnson
Analyst of «FreshForex» company
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